Feb 19, 2013

Short term update

UPDATE: end of the day SP500 closed bellow 1514, bearish candle... so the pullback has begun. After a lower high the system will generate short signal too.

UPDATE: Ok now we have ugly dark cloud cover candle... triple cross on the hourly chart is still missing. After minor low and a move higher any lower high or higher high with divergences will trigger a short signal. DAX has begun its next leg down. The odds are good that we saw the top and a pullback has begun.

UPDATE: Pushing lower before FOMC.... usually the moves before FOMC or NFP are fake moves in the opposite direction. So not interested at all.

Its not a big surprise what we are seeing today... probably something like this bellow is the path.

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