Warning: Following my trades may be hazardous to your financial health. See Disclaimer.

Tuesday, April 17, 2012

SPY - Down Trend Broken

SPY broke the 60 minute down trend channel with volume.  Bad news for the bears.  It's never easy for the bears.

Now for the intermediate term, we're still on sell signal.  But  my hunch says the bulls is going to pull the trick and take the market sideways to diffuse the sell signal.  We'll see.

No comments:

Post a Comment