Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
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Sunday, February 20, 2011
SPX Daily Overbot Rising Wedge Negative Divergence
SPX daily chart, an update from a few days ago. Same ole, same ole, sectors, indexes, they all have a similar look. Price keeps moving up with the QE2 orgy. Overbot, rising wedge, negative divergence. SPX is dead, someone simply needs to tap it on the shoulder and tell it to sit down already. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.
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