Wednesday, November 2, 2011

S&P 500 Intraday Bias, 11/2/11

At 10:10 AM positive, suggesting buy the dips intraday. However, a gap up during a downtrend is usually faded, and today is the FOMC announcement, so I would disregard today's bias.
at 10:09 AM Labels:

2 comments:

  1. WinNovember 2, 2011 at 4:41 PM

    China is going to ease monetary policy soon. EEM led out the gate today and is going to the 200 DMA first.

    http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/11/02/bloomberg_articlesLU0YRG0UQVI9.DTL

    ReplyDelete
  2. George RahalNovember 2, 2011 at 7:36 PM

    That would be a big deal. Thanks for sharing, Win.

    ReplyDelete

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