Monday, July 20, 2009

Damn the Torpedoes ....


3 Month, Daily - July 20 - Treasury Spread may be setting up a Bullish Trend. Too early to tell. S&P Futures appear ahead of itself (overbought).
10 Day, 30 min. - July 20 - Bullish Trend and Bull Potato into its Sixth Day.
3 Month, Daily - July 20 - Collision course between the Bullish Trend line and the Resistance Line. MACD and CCI are in the Bullish mode. We need to be defensive at this point. We could theoretically get a strong Bull move or we might get a failure to push through Resistance which is close at hand.