Wednesday, August 26, 2009

8/26 - spy = ema

SPX - consolidation


SPY - no longer above ema...stage 3 consolidation


Analysis: so whats going on with the market? nothing...just consolidation...slightly more chance to go up than down as we are still bullish on the daily chart but nobody should be surprised if the next move brings us back below the 30ema on the 30min chart...

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