Xian wrote:Uempel's BPs looking like all kinds of crap
Don't blame the BPs, BPSPX has been down for two days now, BPNYA is neutral/positive. Problem is the currency discrepancy. Big global companies (exposed to EUR) in SPX are showing weak results (except apple), small caps in NYSE are more focussed on the US and less exposed to currency volatility.
Not blaming, following their breadcrumbs. I don't go on SPY until your BPs and the big snake in the sky say so.
"Something's happening here. What it is ain't exactly clear."
Here's my hourly chart on hourly time frame. Came right down to the lower green triangle line and not back up to the blue upsloping line which is acting as resistance. Get above that and we're off to the races....consolidation here bodes for a possible leg down to the lower horizontal yellow line.
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on the 30min AAPL kind of got a lower high thing going on last couple days. Think I'll go at 117.54, target 119.06; but really just want to see the close.
Need 499 other companies to cooperate. Doesn't look like they're on board.