Tuesday, September 14, 2010

My bias is short, as we are "coming into market red", meaning on the 8 range bar chart, where the bars are color coded to the slope of the MACD Signal Line. The 8 range bar is usually useful as an opening range indicator as well...so it's saying 1911-1920...which puts us right up at the top of the box and right at the bottom. We've also had one red bar, which is like a signal/warning shot to possible larger trend change. I'll be keeping an eye around resistance at 18.5 ish.

No comments:

Post a Comment