Jun 15, 2011

Short term update

Last week I have shown this hourly chart with MACD divergence expecting another 30 points reaction with bearish and bullish scenario after that. Well the reaction was 27 points from 1265 to 1292. SP500 could not reach resistance around 1295 and obviously the bearish scenario is playing out now.
Closer view 15min chart...

No comments:

Post a Comment