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Tuesday, September 13, 2011

Tuesday, 9/13/11 update (PM)

Last week there was a pattern in the SPX +Vindicator Buy/Sell that had a buy signal at the close on Tuesday Sep 6 followed by a steady up on Wednesday Sep 7 which was punctuated by a steep drop off in the buy line at the end of the day Wednesday.  Thursday opened up with a continuation of the rally in the morning, but the Vindicator buy line was diverging sharply.  Prices then rolled over into a decent sell off the balance of Thursday and through Friday.
 
We appear to be building a repeat of that pattern so far this week.  There was a buy signal at the end of day yesterday followed by a steady up today with a steep drop off in the buy line at the end of day.
Deja Vu all over again?

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