Monday, May 24, 2010

SPY and overnight trading

I don't usually post this late at night, but, it looks like the lows from last Friday are in danger of being taken out if the overnight weakness carries over to Tuesday morning.  Here is the SPY 60 minute chart as it closed on Monday:

With the S&P Futures down 18 points, those lows are in danger of falling.  This would not bode well for the market.



alfaomega said...

seems to me that eurusd should experience a turnover - I did this chart few hours ago - I expected lower low & and divergence on my curves, resulting in the change of a multiweek trend - in the meantime it is approaching to recent minimum, so we will see... :)


Anonymous said...

faz is still a buy @open?thanks!allen.