Quick Notes
By
Rennie on Tuesday, April 13th, 2010 at 3:09 pm
Couple of quick notes as we head into the final hour… S&P futures filled the opening gap, so the 2-3 day buy setup discussed earlier today will not be triggered. Also, should June S&Ps settle higher today (above 1192.60), a short-term sell signal will be triggered for Wednesday. Historically, when the S&Ps close higher but post a lower open, high and low, it’s a negative indication for the next session. See this post from last Thursday for details.
Quick Notes
By Rennie on Tuesday, April 13th, 2010 at 3:09 pmCouple of quick notes as we head into the final hour… S&P futures filled the opening gap, so the 2-3 day buy setup discussed earlier today will not be triggered. Also, should June S&Ps settle higher today (above 1192.60), a short-term sell signal will be triggered for Wednesday. Historically, when the S&Ps close higher but post a lower open, high and low, it’s a negative indication for the next session. See this post from last Thursday for details.