Fake move up.. Tomorrow may sell off..

We had a mighty up move today, but based on the history, we had not seen the the RSI Weekly Dow and Weekly SPX go below 30 yet.

I am not going in with this move. If this move continues, it can go up to 20 Day MA and RSI will fight the 50 level. Usually when it does that, then after hitting 20 D MA, it sells off to new lows and then RSI can go below 30.

If we break 50 level on RSI and stay above 50 Level on RSI then we can have the bullish up move..

$INDU - Weekly Candlesticks: "

$INDU - Daily Candlesticks: "

$SPX - Weekly Candlesticks: "

via StockCharts.com

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$SPX - Daily Candlesticks: "

via StockCharts.com

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