The daily technical composite is still on a buy signal given at +31 on the decline into the 7/2 bottom. It has retraced back to +11, but needs to come down to +6 to rescind the buy signal. Maybe it can accomplish that with a go-nowhere day today.
Friday, July 23, 2010
7/23 10:30
The SP 10minute, 92-unit M/A reached 1085.50 and 1085.75 on a 10-minute close. Not good enough. We need even a quarter-point more to push it over the edge. The high blue line M/A was 1090.46. The formula is .33% below a 10-minute close which came to 1085.75.
The daily technical composite is still on a buy signal given at +31 on the decline into the 7/2 bottom. It has retraced back to +11, but needs to come down to +6 to rescind the buy signal. Maybe it can accomplish that with a go-nowhere day today.
Here is the I1 chart:
The daily technical composite is still on a buy signal given at +31 on the decline into the 7/2 bottom. It has retraced back to +11, but needs to come down to +6 to rescind the buy signal. Maybe it can accomplish that with a go-nowhere day today.
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