60 Min SPX
One thing to notice is the 20/50 are back together, the light blue squares shows the pattern when this happens. But because they are so close they could cross, depending on which way they cross could give a good signal of where the market goes.
SPX Daily:
Still below the March trendline. Barely closed above 850, and when I say barely I mean .08 and that was at around 4:05 when they upticked it above 850. The bulls did a better job today, they defended, the 20EMA and got above 830, but the bears also did theirs, defending 850.
The bears did fairly well because look at MEGA B:
The up-volume and advancers really had control of the market, decliners were barely there today. So the bears were able to defend 850 without to much support.
TICK- still making lower highs
MEGA:
$NYMO- small move up, moving average is moving down though it shows a lack of strength in
Everything else isn't giving a clear signal.
My eyes will be on the EUR/USD tonight, I think we get a move down in the EUR/USD and it will send the market down tomorrow
