November 10, 2010

DOUBLE TOP of SPY

  • Double top formation in SPY 30 minutes chart. Resistance points at 122.92 and 122.94
  • But more importantly price has started to fill the GAP that was formed last week.
  • Breaking and trading below 120.67 will favour the bears and may fade this gap completely.
  • BEAR FLAG OF S&P 500

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