We have had a nice bounce after the gap fill.
I see RSI divergences on 60-min, 10-min, and 5-min.
Something doesn't feel right and perhaps market needs to blow off some steam
I am thinking maybe hedges should go back on for long positions.
No change for my levels 1085-1090 and 1065-1070 for now.
S&P 500 – May 15, 2012 - Bottom Line: Long term trend is up. Mid-term trend is down. Short-term trend is down Weekly S&P stage is Late Advance (2-C) Daily S&P stage is Strong Decli...
1 year ago