November 22, 2010

SPY Support and resistance levels

  • SPY 5 minutes chart Trading in a range of 119.25 to  120.39
  • Index opened GAP down but the GAP is faded now and price is at the top of the range.
  • Up move from here will be possible if price does a breakout above 120.39.
  • Below 119.25 index has a bigger GAP which is yet to be filled

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