Market is Powered Up for a Sprint in Spite of Middle East Concerns
(Bike courtesy of Dr. Elizabeth Riseling)
CLICK IMAGES TO ENLARGE
SPY 5 Day, 15 min. - 2.1.11 - The "Egyptian Dip" was Quickly Erased by a Rally Back to the Highs of the Channel Trend. On Balance Volume and MACD were both On Board as were the AD Lines and UVOL/DVOL. A Pause or Consolidation Rest would be Understandable after all this Action.
SPY 20 Day, Hourly - Bullish Trend Channel is Depicted. The Line Depict One and Two Standard Deviations from the Mean. This is a Linear Bell Curve and is Based on Statistical Probabilities (not artwork).
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