4 Feb 2013

Our Daily SPX chart shows the Stoch. has come out of its overbought position. Therefore a strong case for a move down.  Our 60min Stoch. is already in the oversold so a reset or stay oversold for a longer period of time is needed to push down the daily some more.

 

60 minute chart shows possibility of a move that could last weeks before we make another attempt for a new high...  It is not shown for accuracy so please do not follow this trajectory...