Two trends in one day! The SPY gapped just above
pivot before selling off to
S1, consolidated, slid further to
S2 and continued lower while the momentum divergence built. As the "bottom" developed the NYSE TICK didn't give up ground.
Nice moves off of the 20-EMA in both directions. Price closed right around the previous day's lows on the SPY.
XLF led the way:
MOS had a strong day today, regardless of the direction of the broad market. After the strong move it based around the $47.30 area before expanding higher. The end of day we settled right around that same base range. Looking for it to hold this area as support to see if it can go higher still.
While CF looks itching to fill that gap from October of last year. Notice how volume has picked up as price is closing in on this range.
I'll also be looking to short any pullbacks in FAF tomorrow (see the post on it below).
Nice moves off of the 20-EMA in both directions. Price closed right around the previous day's lows on the SPY. 
XLF led the way:
MOS had a strong day today, regardless of the direction of the broad market. After the strong move it based around the $47.30 area before expanding higher. The end of day we settled right around that same base range. Looking for it to hold this area as support to see if it can go higher still.
While CF looks itching to fill that gap from October of last year. Notice how volume has picked up as price is closing in on this range.
I'll also be looking to short any pullbacks in FAF tomorrow (see the post on it below).
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