Tuesday, May 18, 2010

SPY .. dmi

The SPY weekly DMI has turned negative far deeper than any time since 3/09. I think key support is at 104.58 which would also take out the low on that 1,000 point day. The weekly 50/10 LRC is about to cross over bearish which would be the first time since 3/09 and usually trails the move. the 25/5 has already crossed.

No comments:

Post a Comment