The diary of a market speculator who trades stocks and commodities using technical analysis, chart patterns and trend following methods. I can be contacted at SinghJD1@aol.com
Monday, October 10, 2011
SPY: Positive Divergence and Moving Average Breakout
Take note of the higher lows in OBV and RSI. These are good signs for SPY. Today's breakout lacked volume, the divergences lead me to believe the moving average might hold.
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