Wednesday, March 5, 2014

3/5/14 - EOD Update

Lots of sideways action here. Hard to say who has an edge since this looks bullish for the bulls. However, 60 min macd is about to cross down so is the 5 min alternative (w-x-y) in play?

If using TNX, the bulls have an edge.

SPX - 5 Min 

SPX - 60 Min 
TNX- Daily
Will continue to keep an eye on the triangle. This is bullish for equities but...

McClellan Oscillator
...the McClellan continues to diverge, which favors the bears.
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