I just don't buy today's move down. Especially with relative strength in the financials and RUT relative to the other indices. Plus tons of positive divergence in STOCH, RSI and MACD on 60 and 30 min charts.
I will def. be buying the close or a retest of the days low.
I think so Monica. It's hard to say, because they don't away match up. When we hit 1065 spx on the flash crash, the spy hit 105.00. That was not normal, as usually the spy is a little higher then the spx.
Meaning, if the spx hit 1065 that day, the spy should have been 106.50 to 107.00, or if the spy was at 105.00, then the spx should have been 1040-1050 area. It's usually lower, but I don't know how to sync them up correctly.
I'm only guessing about them being in-sync at a 100.72 spy low. Of course we could easily pierce that level, and go on down to a point lower, that will match up with the low 900's on the spx… hard to say?
I agree with you that we are in for a giant bounce. The question is is it now, or is it EOD.
Also, McClellanOscillator is higher today, even though price is lower. Another divergence
I just don't buy today's move down. Especially with relative strength in the financials and RUT relative to the other indices. Plus tons of positive divergence in STOCH, RSI and MACD on 60 and 30 min charts.
I will def. be buying the close or a retest of the days low.
would this thing f**ng crack already!
Never say never.
It is small to mid caps that have a big stake in the economic recovery, aka the Emperor's new suit.
During a bear it should underperform SPX.
I hope so, anyhow. I have a lot of eggs in that basket.
I think so Monica. It's hard to say, because they don't away match up. When we hit 1065 spx on the flash crash, the spy hit 105.00. That was not normal, as usually the spy is a little higher then the spx.
Meaning, if the spx hit 1065 that day, the spy should have been 106.50 to 107.00, or if the spy was at 105.00, then the spx should have been 1040-1050 area. It's usually lower, but I don't know how to sync them up correctly.
I'm only guessing about them being in-sync at a 100.72 spy low. Of course we could easily pierce that level, and go on down to a point lower, that will match up with the low 900's on the spx… hard to say?
Lows are in for today/next few days. Go long. We tried to crack 1070, and we can't.
Thanks.
wait a second – wouldn't 100.72 be somewhere in the high 900s? Around the same level I mentioned?