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sigmadict
Feb 12, 2015 9:07 PM

SPY bulls looking for inspiration Short

SPDR S&P 500 ETF TRUSTArca

Description

15 minutes chart showing the story of the day.
Divergences on MACD/RSI, and potentially on CMF/MFI.
Overbought RSI.
We are still in bull momentum.
We are at very important resistance.
Market can be irrational, but I would be careful going long at this point, would rather wait or short till 200 support.

Note : After long price move in one direction, potential reversal can be seen with slowing growth and bigger volume. This signal is in this chart.

Any comments appreciated, thanks !
Comments
stockwatch101
We already tested 150 at least 3 times but have not tested the high. I guess it will make new highs before any pull back to 200
sigmadict
You were right, bull mode is back, let's see the coming week action and I will update post ! :)
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