Tuesday, January 26, 2010

SP500

Hello my friends,

Tonight I'm sharing with you my chart of the S&P500. There's still nothing new to say...the short term trend
is down and my trend follower is still on a sell, either on the weekly chart as in the daily one:




Right now, the index is in a position similar to the last 29st of October. I say this
because the daily stochastic oscillator is oversold and gettin' ready to lift the index
a little bit. But for that, the MACD divergence will have to give a little help! We'll
probably have a new down leg before that happen...

Have you already thought about the 2010/01/20?...this was probably the first day
of the downtrend and...it's a cute date number's, don't you think?



Trade safely,
JAPO.



No comments: