Wednesday, July 15, 2015

July 15 - Sell signal materializing on 1 hr frame - SPY

Things look very stretched here and getting very close to sell signals on 30 min, 1 hr, and 2 hr frames.  Other indicators also presenting very close to shorting signals.  Picked up some SPY 215 Aug 14 puts and may add depending on the close.

No negative divergence yet but stochs, CCI, RSI setting up for a pullback.
Advance-declining volume showing negative divergence last couple days.

Also close to a sell signal here based on the last 5 signals.

The wide yellow bar triggered the last 2 sell signals.


3 comments:

tellzhang said...

Thank you! Keep the great work!

Greenlander said...

Thanks! Hope this is of assistance :)

tellzhang said...

ES 2122 and 2128 is strong resistance in my model. Will see what they bring to ...