It's good to have straight forward market for a change.
I set some levels, the top one was 1150, S&P pulled back to 1155 and then ran back up.
It's also nice to have NDX doing OK as well
So far, nothing but the usual stuff after a breakout. One nagging concern is momentum divergences we can see on 60-min and daily frames.
Intraday breadth was good all day, I need to see if that has made any significant difference in the overall breadth picture.
I can raise my top level to 1154 now if I want to have my stops tight
I will have a detailed post over the weekend.
Have a Wonderful Friday!
S&P 500 – May 15, 2012
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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
Posts
2 comments:
Thanks for the STOP advice...
Attitude928,
thanks or reading, but, you do not have to than me because I do not give, nor am I in any capacity, nor am I inclined, nor do I care to give advice,
This is a blog for publicly sharing my thoughts that are written only for me regardless of whether or not they are read by people other than me
Please read the disclaimer at the end of the blogs page
Here's the full text of the disclaimer at the end of the page just in case
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