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

Thursday, August 18, 2011

Aug 18 morning

60-min cycle chart issued a (unconfirmed) sell signal. My main indicator topped, but needs an additional candle to confirm. However two secondary indicator issued sells at 115.59 on the SPY. I am exiting the trade on my trend system
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