I analyze macroeconomic issues from a fundamental perspective, and I analyze market behavior from a technical perspective. Original macroeconomic analysis can be found here and both macro analysis and commentary can be found on my Caps blog. If you like or appreciate my analysis, please add yourself to my Following List

Friday, June 18, 2010

Slowing?

There is definitely a lot of indication that this move is slowing

1) It keeps flirting with the lower channel line
2) Negative divergence on 15 min, 30 min, and now 60 min indicators
3) Acc/Dis indicators are either flat or slightly distributive

I still think we might get a pop Monday morning, but I have the sneaking suspicion it will be followed by a drop



blog comments powered by Disqus