Monday, February 2, 2009

Afternoon eye on SPY, VIX & TRIN

I realize the intraday action may not bear a one-to-one correspondence with ChartsEdge's map for today, but can take a look at that later.

Meantime quickly for now, check out the SPY chart. The action has been sharp and StochRSI (for fast trading) has moved with it, but the Slow Stochastics + OBV setting in the bottom indicator lines are telling you to be suspicious of any lasting quality to this bounce.


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