As of the close yesterday, $BPCOMPQ is slated to cross over to the upside.
And buydonthold.com is "nearing a BUY signal as market reverses direction.". Bears have to pray hard!
As far as the SPY daily, the price did reverse a bit on the 23.6 Fib. The volume has been weak on the buying side. STO is overbought (not shown). RSI is 55 but declining. MACD crossed up but declining. All these are consistent with the signal -- flickering. Near the bulls nor the bears have the all-clear go ahead.
No comments:
Post a Comment