Note the indicators over the last few hours (each price candle represents 30 minutes of trading) which are long and strong except for the MACD histogram that is negatively diverged. Watch to see negative divergence forming more universally with the indicators to signal a spank down. For now, it appears a short-the-rallies path is prudent. The thin black lines show important S/R at 1314, 1312, 1307, 1296, 1295, 1292, 1287, 1285, 1278, 1277 and 1268. The 1295-1297 area is important since that would signal a much stronger push higher. Keep an eye on the 8 and 34 MA cross. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
I didnt think to much of things yesterday but at 7pm when futures were up 3 or 4 points and not their usual down 5+ and then this at 10:30pm when I saw it futures were just coming back off the highs of 11+ up 9 at that time then my fingers were itching but didnt do anything... Im many years out of the loop in this game i didnt know hilsenrath was the QE3 leading indicator. Now I do But fortunately i didnt completely pear back all my long 3x ETFs yesterday
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