Since Wednesday I had a buy signal on the spy on the 15 min time frame . If the S&P s close above 2103.25 then I would get a buy signal on the daily charts were I would look for a pullback. That pullback should make a higher low and should push up thru the 2117 area. Gold and Oil had the almost exact same pattern on the daily charts . This last pullback on both made higher lows . Once oil pushed up to 54 the pullback to the low 50 area was a great long pattern. I do not think oil is out of the woods by any stretch. Gold on the other hand I think made a short term low at 1142 area and would look to see if any great long patterns will set up in the daily charts.
Buy Signal 2103.25 S&P Futures
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