Monday, October 4, 2010

SP 500 market internals are easing

Big guys are playing a very dangerous game. On 15-min volume chart you can see their bearish attack is slowly exhausting.
We need to make sure it won't have a next leg down (double mirror charasteristics ).

Marketvolume chart:
SP500, 15 min:
SB histo: 22,7
SBV Osc: 14,4

My concern is SP500 2-day chart sell volume is still on 8 rose from 0 today.

Russell does not serve signals to any stock exchange today, so we need to make decision based on a less-volume SP500 index. And we will.

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