This is an update on the daily S&P 500 Chart. Last time I posted I used acc/dist to find the Aug top and now we're back near that level again, but we clearly see acc/dist seems to have broken that resistance level, which is a bullish indication. I'd hold off on doom and gloom analysis and taking shorts on equities for now and wait for moves higher before going long volatility.
Friday, September 17, 2010
$ES_F Daily S&P 500 Analysis
This is an update on the daily S&P 500 Chart. Last time I posted I used acc/dist to find the Aug top and now we're back near that level again, but we clearly see acc/dist seems to have broken that resistance level, which is a bullish indication. I'd hold off on doom and gloom analysis and taking shorts on equities for now and wait for moves higher before going long volatility.
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