As you know, we've been presenting the Options Education webinar for the past several hours, so this is the first update on the short-term SPY charts for the day.
Looks like another day of gains for the ETF. Not much use looking at the intraday charts (besides probably the hourly), when there's a strong minor trend move.
So, here's a quick look at the 5-min chart. We'll take a look at the hourly, a little later.
Update on Monday, August 11, 2008 at 02:51PM by
Asher Pinto
A look at the hourly chart...
Overbought, but no sell signals to speak of, as yet.
Update on Monday, August 11, 2008 at 03:41PM by
Asher Pinto
Okay, forget about the SPY and SPX and all the others for a moment.
As of now, the proverbial line in the sand lies on the chart of the Dow Industrials.
« Active Traders: 5-min SPY Chart Trends (8/11/08) »
As you know, we've been presenting the Options Education webinar for the past several hours, so this is the first update on the short-term SPY charts for the day.
Looks like another day of gains for the ETF. Not much use looking at the intraday charts (besides probably the hourly), when there's a strong minor trend move.
So, here's a quick look at the 5-min chart. We'll take a look at the hourly, a little later.
A look at the hourly chart...
Overbought, but no sell signals to speak of, as yet.
Okay, forget about the SPY and SPX and all the others for a moment.
As of now, the proverbial line in the sand lies on the chart of the Dow Industrials.
Take a look at the chart that has temporarily been added to our public listing at Stockcharts.com.