Wednesday, May 23, 2012

5 Minute look at the $SPX -

The 5min SPX signal lowered the trigger price from last nights post of 1319.(bottom chart). to 1315 as this mornings selling pulled some weight into the line... though same game.. the trigger was tripped and index jumped 5 handles.. it took quite a bit of buying to push price through signal post divergence.. powerful move..

 support resides at 1312.71 into AM.. ES support 1308- 1 min sell signal.. 1310 should be defended though...

5 min SPX
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