SPY CORRELATION BETWEEN APRIL HIGHS AND CURRENT PRICE ACTION

February 4, 2011 in Daily Outlook

image thumb SPY CORRELATION BETWEEN APRIL HIGHS AND CURRENT PRICE ACTION

 

VIX SPY CORRELATION – VIX IS BACK DOWN AT LEVELS SIMILAR TO THE LOWS OF APRIL

 

image thumb1 SPY CORRELATION BETWEEN APRIL HIGHS AND CURRENT PRICE ACTION

 

SPY – RSI AND MFI FOLLOWING SAME PATTERN; PRICE ACTION BEHAVING SIMILARLY TOWARDS THE 20 EMA

 

image thumb2 SPY CORRELATION BETWEEN APRIL HIGHS AND CURRENT PRICE ACTION

 

SPY – STOCHASTIC IS IN MUCH THE SAME LEVEL THOUGH NOT FOLLOWING THE SAME PATTERN; MACD IS AT A WEAKER LEVEL AND FOLLOWING THE SAME PATTERN; PPS ARROWS ARE FORMING THE SAME CLUSTER

 

image thumb3 SPY CORRELATION BETWEEN APRIL HIGHS AND CURRENT PRICE ACTION

 

SPY – 3 LINE BREAK IS ENDURING SAME CHOP AS DURING APRIL HIGHS

 

image thumb4 SPY CORRELATION BETWEEN APRIL HIGHS AND CURRENT PRICE ACTION

 

SPY – VOLUME CLIMAX DOWN PRECEDED BY A SEQUENTIAL 1-13 COMPLETE; IN SHORT THE NEXT CLIMAX DOWN VOLUME BAR SHOULD BE THE CATALYST TO BEGIN THE CORRECTION

 

image thumb5 SPY CORRELATION BETWEEN APRIL HIGHS AND CURRENT PRICE ACTION

 

SPY – DEMARK PRESSURE RATIO SPIKED TO AN EVEN HIGHER LEVEL THAT IT WAS JUST PRIOR TO THE CORRECTION STARTING IN APRIL

 

image thumb6 SPY CORRELATION BETWEEN APRIL HIGHS AND CURRENT PRICE ACTION

 

SPY – EXPECTED MINIMAL CORRECTION

© 2011, mytradingblog.info. All rights reserved. On republishing any content from MyTradingBlog.info you must provide link to original post. Privacy Policy. Full Disclaimer – All content on and from MyTradingBlog.info is strictly the opinion of the author. The author makes no claim to be qualified to offer advice regarding any topic contained within this site. Any interpretations or executions made using any content on this site as a guide or reference should be subject to your own discretion and due diligence, and are conducted at your own risk. Site developed by Sticky Web Services. If you like this, please check out my other blog Should Not Be News

Related posts:

  1. BHI
  2. AAPL
  3. INTRADAY 12/1/2010
  4. LT OUTLOOK 12/1/2010
  5. IWM CHARTS