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Thursday, February 16, 2012

SPY Breaks Intraday Channel

What a surprise by the bulls who pulled a reversal after yesterday's bearish candle and AAPL's 5% topping reversal.  I wonder if this is the last gasp by the bull.  Bears are speechless right now.  But I mean this is pushing a bit too hard.

We've just had a break of the intraday up channel.  Let's see what happens before the long weekend.  Oh shoot, Monday's President's Day.  To be patriotic, stocks are not allowed to go down.  Hmm... more odds against the bears.

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