Sunday, October 25, 2009

S&P500 Daily Chart - 10/23/2009

The last two trading sessions form a Bearish Engulfing pattern and the last three trading sessions are another bearish pattern called Stick Sandwich, see the last three candlesticks in above chart.

The Triple MACD negative divergences [TM] is triggered on Friday because the daily default MACD crossed on downside. Daily Slow Stochastic already crossed down one week ago.

No comments:

Post a Comment