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Thursday, June 25, 2009

SPY - INTRADAY

11:16am
spy 5d/5m

divergence setting up for the shorts, but imo price likely will not follow due to volume pattern showing shorts are weak and quick to cover




11:45am
uup / daily


imo whats happening with the dollar today mainly residual freakout from yesterday's swiss central bank intervention. fear being, working alone? who else is going to act so soon against the buck? etc




12:23pm
spy 5d/5m


here in bit, longs may well get tested for conviction their own damn selves. didn't play, but would move it up tight right now




3:24pm
spy 5d/5m


smi could be coiling into a strong close. but more likely imo, is some give back late with better chances for continued bullishness tomorrow



spy / eod



took their lumps and got the hell out. those tsy auctions were too much

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