For Bears to take control we would need a move to OS territory with an accelerative attitude by price. Bull need only to stay in this zone to keep the possibility of an acceleration up at high probabilities.
MT: DOWN
ST: UP
PA: UP
Monday 16 March 2015
16 Mar 2015 - A Shot of OB
The SPX shot up today and we can only attribute it to the OB signal in the intra-day chart shown below. The ST has also turned making this run a bullish one. Prices are now hitting the 60min 200MA, and the trend line resistance shown by the green dotted line. Will this be a strong resistance? Last night the market was showing bearish tendencies in the futures market but today was a whole different story. I can't stress enough how much can changed in just a few hours. This is why we have to be prepared for the other outcome or scenario.
For Bears to take control we would need a move to OS territory with an accelerative attitude by price. Bull need only to stay in this zone to keep the possibility of an acceleration up at high probabilities.
MT: DOWN
ST: UP
PA: UP
For Bears to take control we would need a move to OS territory with an accelerative attitude by price. Bull need only to stay in this zone to keep the possibility of an acceleration up at high probabilities.
MT: DOWN
ST: UP
PA: UP
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