Month: November 2009

The SPY dipped below the 110.50 level yesterday but quickly recovered after touching prior intraday resistance near 110.00 from last Thursday. The action of the last 2 weeks has been more neutral but with the primary trend higher it should be viewed as constructive. This … Read More

The SPY dipped below the 110.50 level yesterday but quickly recovered after touching prior intraday resistance near 110.00 from last Thursday. The action of the last 2 weeks has been more neutral but with the primary trend higher it should be viewed as constructive. This … Read More

The SPY gapped back up above the the 5 day MA and also made it past the prior support/resistance area at 110.50 yesterday. The resilience of the market is quite impressive and as long as 110.50 holds today there is a good chance that the … Read More

The SPY gapped back up above the the 5 day MA and also made it past the prior support/resistance area at 110.50 yesterday. The resilience of the market is quite impressive and as long as 110.50 holds today there is a good chance that the … Read More