December 7, 2010

SPY Five minutes chart

CHART-II
  • Triangle gave an upside breakout and went up till the range top at 123.03 and got resisted there.
CHART-I
  • SPY 5 Minutes chart is showing a Descending Triangle.
  • 5 minutes chart is showing a range of 122.11 - 123.03.
  • 122.65 is a support resistance zone. 122.50 is the support line of the triangle.
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