Watch the Midpoint
By
Rennie on Tuesday, August 24th, 2010 at 3:47 pm
S&P futures currently trading just above the day’s midpoint at 1051.25 despite 2:1 negative breadth. If the advance/decline ratio stays below .50 and the S&Ps settle above the midpoint, a short-term sell signal will be triggered. See this May 25th column for a recent track record.
Watch the Midpoint
By Rennie on Tuesday, August 24th, 2010 at 3:47 pmS&P futures currently trading just above the day’s midpoint at 1051.25 despite 2:1 negative breadth. If the advance/decline ratio stays below .50 and the S&Ps settle above the midpoint, a short-term sell signal will be triggered. See this May 25th column for a recent track record.