Tuesday, March 9, 2010
Two bearish signs
McClellan Oscillator has crossed down below its overbought level, and is showing a bearish divergence with todays high. the SnP stopped 5 bucks below its previous high of 1150. Also, both the nasdaq and the SnP Vix have both turned on the TRIX, also at an extreme low level. Also.. this level of the SnP is right under its 200 week moving average which it has had trouble breaking thru.
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