Wednesday, August 28, 2013

Wednesday evening


Wednesday afternoon

SP-500 Daily Chart (11:05 EDT)
Most (maybe all) of the blog regulars are familiar with Fitz' "3 Day Rule of Thumb" and I just want to point out that today is day 3 of the sell off.  It should not surprise that the lower open has found support and is now working on an open green candle. Don't get crazy as there is resistance not far above and the stochastic is in no way flashing a buy signal.

Wednesday morning

I'm not into "iced" but it does make sense.