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.
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