3rd Jan 2012–New Year New Look!

Ticker:

 

1. VXX, SPY, DJIA and NASDAQ

 

Topic:

 

1. A new look in a new year

 

Lesson Learnt:

 

1. All indexes come to the cross-road again Will the new year gives us a good start? We will see.
2. VXX had come to a critical support line of 50MA line. A strong rebound here could mean trouble for the equity market.
3. VXX RSI indicator is giving a negative divergence signal.
4. SPY and NASDAQ are still bound with the resistance line of 50MA. DJIA is the only one free from the limitation of MA line. All three of them are forming triangle formation with high potential of upside.
5. All three indexes RSI indicators are giving positive divergence signal.

 

Intraday Chart

-NA-

Historical Chart