Tuesday, September 28, 2010

Quick update

1-day RUA: negative histo, oscillator below critical level, buy volume is under critical signal level but sell volume is still zero, momentum is in bearish territory, sentiment is turning upward.
A very small hit can turn market to a trend-change you would say.

2-days RUA: positive histo, stable oscillator far above critical level, SB buying volume well above critical signal, sell volume steady zero, exhausting momentum, medium sentiment.

Market needs momentum and new bull injection. And will get it.
While smalls in panic and hesitate, big guys play again, they took profits and now they started to buy some.
I keep our 1 unit of SPX while I dont see improvement on SPS but I will sleep very well tonight!

Charts will come later or early tomorrow.


No comments:

Post a Comment