September 16, 2011

SPY Sell Signals

  • SPY Four Hour chart with Stochastic indicator.
  • As long as price stays in this broad range stochastic buy and sell signals from over sold and overbought levels will work well.
  • Last two sell signals has given good short trades.
  • We may get another sell signal soon. But stochastic is yet to turn down. Price may start to move in favor of bears if 120.32 is broken.
  • GOLD DESCENDING TRIANGLE UPDATE
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2 comments:

  1. golfdudeSeptember 17, 2011 at 11:50 AM

    Too early I think to sell. Also stoch can stay in buy for long time. Maybe below 80. I feel somewhere close to 1240 is the sell range.

    ReplyDelete
  2. SanSeptember 17, 2011 at 3:04 PM

    @golfdude
    Sell signal is yet to confirm that's what i have mentioned in the post too.

    ReplyDelete

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