Friday, February 12, 2010
Didn't Get That Move Up...
Well, as the markets opened lower this morning and you saw the SPY open below my key levels, that was a clear indication that we weren't going to see that upside. However, we are sitting now at some unpredictable levels, there is still a chance that we begin a move upwards... I am looking at the 60 minute chart this morning just because the markets have been so volatile and choppy. It is easier to see market sentiment on the 60 minute. The last 60 minute candle (11:30 close) did not close above the previous candle's high. If it had (which it threatened to do), I would have bought into this market. Waiting to see what happens next before entering any positions.
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