Monday, June 29, 2009

Qs Up Against A Trendline

Just thought I would add a follow up to today's post on the SP500 with a look at the Qs. While the market has rallied for 4 days, the fact is that nothing as changed. The Qs are still below the broken trendline and resistance at 36.50, and the MACD is still on a sell signal. Volume has continued to contract. Not a bullish picture, but things could change.

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