MT: UP
ST: DOWN (OB)
PA: UP
I am biased to the downside for now due to divergences and non conforming indexes.
Following did not follow the strong push by SPX: ($RUT, $INDU, $TRAN, $BKX)
XLF:
Thursday, 20 February 2014
20 Feb 2014
Something ODD today in the price movement. The futures (ES) moved up close to yesterdays high. The SPX managed to move close to its previous day high as well. But the weird thing about all this is that the Financials did not follow and clearly showed it throughout the day. Again the price of the SPX has been held up by the angle that have been proving difficult for the past few days. So what does this mean? Looking at the EW patterns, it remains unclear as to the intention of the market. But the financials lack of interest to participate should put up red flags.
MT: UP
ST: DOWN (OB)
PA: UP
I am biased to the downside for now due to divergences and non conforming indexes.
Following did not follow the strong push by SPX: ($RUT, $INDU, $TRAN, $BKX)
XLF:
MT: UP
ST: DOWN (OB)
PA: UP
I am biased to the downside for now due to divergences and non conforming indexes.
Following did not follow the strong push by SPX: ($RUT, $INDU, $TRAN, $BKX)
XLF:
Subscribe to:
Post Comments (Atom)
fed tmr, prob sell again
ReplyDelete