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Wednesday, December 29, 2010
11:07, The SPX is slowing melting up today, with wedges in most time frames now, BTW, the Russell and Nasdaq are not making higher highs today but are running flat to slightly down over the last couple of days.
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7:25, A slow open this morning, SPX is making new highs, but the Russell and Nasdaq are weak and are not making higher highs. The SPX is reaching back into over-bought territory on the 60 minute chart once again with the short-term black median line acting as support, this should give here soon as the indicators roll over to a sell.
Silver has an intra-day buy signal on the Trend Finder II, that if holds will be confirmed at the close.