Thurs 12:04 PM EST
If QID holds 22.40 (last 22.66) then we will have an RSI double bottom in 60min chart with a bullish divergence, suggesting higher QID prices (lower qqqq nasdaq).
Thurs 11:58 AM ESTSPX did break marginally above the wedge (From Monday 10/5/2009 till now). no major blastoff yet. let's see what happens. these bear rising wedges often have a blowoff top followed by a nasty decline. time will tell.
Thurs 11AM EST
possible bear wedge spx 60min. has more upside room, stoch say it could go up, but there is a wedge. wedge R now is 1068, with poss 1076, but does not suggest 1076 today unless velocity increases. could hit 1071 today at current velocity if the support. also watching for break lower in the wedge. there is a steeper speed line that could put spx at 1069 breakout around 1:08 PM.
* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".
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