Wednesday, February 2, 2011

Weekly SPX is warning of declines, pattern valid since May 2009

fwiw, on SPY weekly charts, every stochastic 14,3,3 double top since May 2009 has resulted in a pullback to the 15 or 20 period weekly moving averages,,, a stoch dbl top is now being carved out in SPY and already has the bearish cross on it, with SPY 20 MA at 122.43,,, 15MA = 124.44,, 50 MA = 116.12

Double click the chart to see it full size




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