Friday, September 23, 2011

S&P 500 Intraday Bias, 12:09 PM

The bias has strengthened to positive, suggesting buy the dips.

Bias explained.

1 comment:

  1. Thank you for the explanation of the bias.

    I think we will continue to be up / sideways for the short term to unwind oversold hourly charts a bit more, but I believe more downside is coming soon (within a couple of days). Not a good idea to be too bullish beyond the very short term in my opinion. I do not believe the 1100 support will hold, although I know it is possible we continue trading in the 1100 - 1250 range for awhile. As always, thank you George for your valuable insights.