SPX 30m
Just something to look at since you have nothing else to do on a Saturday night. Pink bot is divergence from the 10 yr treasury. The MACD is in knots. RSI5 is cycling like a Whirlpool. Other indicators are climbing or mixed. I like the wedge still, but the triangle overthrow is on it’s last leg here if the fall does not continue. If it is right, the triangle target will possibly mark the end of the 3rd wave and the wedge target will mark the end of 1 of 3. Sounds good at this time. If the triangle is dead the wedge is still alive. Given the reaction the the GDP disappointment and the rampant manipulation here in China oops I mean the good ‘ol US of Fraud, I’d caution all shorts to keep their stops tight.


By Shanky on 07/31/2010 4:06 pm PST -- Technical Analysis