The SPY has put in a 3rd push lower into the 50SMA on the 130min chart. So, what I'd like to see on the 30-min chart is either a break above $146 or the 3d criteria for a move to the $146 area.
The daily 3/10macd fast line is still pulling back, and in order to anticipate it moving back up we would like to see the faster time frame (130-min in this case) to turn green. A gap up above today's high (were that to happen) could give a morning star reversal pattern on the daily. Under today's lows and things may fall apart.
No comments:
Post a Comment