SLOPolarBear

SPY - Re-Entry

SLOPolarBear 업데이트됨   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Mild RSI/MACD divergence on the 2D chart -- may break thru! Looking at the candles going back a few months, we've got a nice broadening ascending wedge (watch for H&S formations). Flirting with a double-top right now. I'm content to sit back and wait for a solid re-entry somewhere along the lower support line or we reach another over-sold zone. Thinning some long positions that look overextended 300 days to present. While the index is prodding away, we're still riding many bearish patterns in the basket of stocks.
코멘트:
Patiently waiting...
코멘트:
Looking for a sharp rejection of $391.30 tomorrow. Might make for an interesting (and brief) short entry:
코멘트:
*Yawn* Another ranging week. *Taps foot to speed up the price action of the market* Nothing says BUY BUY BUY. A few bounces here and there for quick intraday profits, but nothing I want to stick in the vault and hold.
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