post #123861 of 136697
10/21/11 at 12:26pm
- rando
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Interesting, small shift in feel here. QQQ as pointed out already is below VWAP, and has just breached the 5-day VWAP, and that line is falling, so price below falling VWAP and 5 day VWAP is favorable for bearish plays. SPY did break out of the ascending triangle I posted last night, but if it does fail here, they say lots of bear market rallies fail at 100 and 200 day SMAs. I'm probably just sitting the rest of today out as there are too many variables and the weekend is always too long for me.






















