Price of any stock market index is not used, it is made up of internals of the Index. There is no curve fitting.
Currently we do not have a recovery pattern in the SP500 or NYSE, and we are in the RTT Flow Index RED zone with SP500 price showing some weakness (post ECB news today). CAUTION or SHORT of the major indexes should be considered. A recovery pattern would be a fall to SP500 support at 1890 or so with strong bounce into the green zone, which can still happen of course. NOTE:If the ECB come up with more sugar bombs in the next few days then we may get into the green zone tomorrow, everything changes!
The RTT Flow Index can be seen by RTT Plus members only.
Original Post: http://ift.tt/1R9YgeD
No comments:
Post a Comment