Daily Chart for Spy- Overbought Stochastic
Flattening 10 EMA
We closed right on the 10 EMA
Bearish Divergence on MACD histogram
MACD crossed under signal Line
Low Volume Yesterday and High Volume Day Before
120 Minute 40 day chart-
Closed under the 10ema and 30 ema
We have a 10ema 20 sma cross (Short Signal)
MACD Crossed Signal Line
Way Over Sold
We are way down on the futures this morning. I am going to clear all my shorts on the open. We are gonna get a bounce maybe a rally going into next week and that should possibly set up a good shorting opportunity. I have been Dollar cost averaging into VXX in my retirement account. I believe this baby could double.
Look at the $Tick on the open. If we open way down and have a positive $Tick you could go long for a couple points trying to fill the gap.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment