etfmsolutions: Oversold but Dangerous...-3.10.15

Tuesday, March 10, 2015

Oversold but Dangerous...-3.10.15

The SPY clung to the S5 pivot today, an uber bearish situation we see less than 1% of trading days. Per the SPY TrendX in the right side panel the longer term support level is within striking distance but the big sell off in the last 10 minutes today does not look like a capitulation and I'm expecting at least some carry over selling into the morning session....if not longer.

Commentary and Updates

Mosaic Solutions commentary is typically published daily as time permits and market action warrants.
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