Wednesday, 7 November 2012

Here is a moving average only chart of the Spy,weekly basis.The 5 is below the 13 but they are above the 21,which is still rising.Macd has crossed and has diverged with price.We are close to the end of the rising wedge pattern.A sell  signal may be close but has not been given yet


On the daily version all ma's are in bear mode,although bearish momentum on the Macd seems to be waning






No comments:

Post a Comment