I was wondering were you all see support on the S&P. I am not a technician but I've got the SPY @ $118.30 and then $106.58. Does that seem close?
TIA
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TA on SPY or $SPX
I was wondering were you all see support on the S&P. I am not a technician but I've got the SPY @ $118.30 and then $106.58. Does that seem close?
TIA
Quote:
Originally Posted by Stevie_B View Post
I was wondering were you all see support on the S&P. I am not a technician but I've got the SPY @ $118.30 and then $106.58. Does that seem close?
TIA
Stock Market Analysis 8/10/11 - YouTube
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The Only Easy Day Was Yesterday
FAIR USE NOTICE: I believe this constitutes a 'fair use' of any copyrighted material as provided for in section 107 of the US Copyright Law.
Excellent MACD explanation:
http://www.youtube.com/watch?v=OR8vwFv-5iU
http://www.youtube.com/watch?v=Hz4tuWGQqfo
http://www.youtube.com/watch?v=4ybk72R9_90
Great Educational Site:
http://www.informedtrades.com/trades.php?page=school
8-11 market update - YouTube
I listen to this guy also.
__________________
The Only Easy Day Was Yesterday
FAIR USE NOTICE: I believe this constitutes a 'fair use' of any copyrighted material as provided for in section 107 of the US Copyright Law.
Excellent MACD explanation:
http://www.youtube.com/watch?v=OR8vwFv-5iU
http://www.youtube.com/watch?v=Hz4tuWGQqfo
http://www.youtube.com/watch?v=4ybk72R9_90
Great Educational Site:
http://www.informedtrades.com/trades.php?page=school
It's raining....watching videos
Momentum Analysis for 8-11-11 | SPYderCrusher Trade Advisory
__________________
The Only Easy Day Was Yesterday
FAIR USE NOTICE: I believe this constitutes a 'fair use' of any copyrighted material as provided for in section 107 of the US Copyright Law.
Excellent MACD explanation:
http://www.youtube.com/watch?v=OR8vwFv-5iU
http://www.youtube.com/watch?v=Hz4tuWGQqfo
http://www.youtube.com/watch?v=4ybk72R9_90
Great Educational Site:
http://www.informedtrades.com/trades.php?page=school
The real message here, IMHO, is not support/resistance, but the fact that SPY experienced a solid failed breakdown in late Sept, which has led to the largest rally of the year. With new leadership emerging and with sentiment still bearish, a real wall of worry situation is lining up with the positive seasonality often experienced during the 4th quarter. Add to this the fact that most fund managers underperformed most of the year and we could see panic buying if prices push higher without pulling back as managers will be worried about underperforming against their peers.
yes, SPX is S&P 500 symbol
Are you talking about SPX (S&P500)?
