February 26, 2011

SPY Resistance lines

  • 15 minutes chart of spy with resistance lines
  • Price closing above the blue resistance line will give 132.66 levels.
  • 132.66 area can act as resistance. If price manages to break and sustain above 132.66 Next target is around 133.80 levels.
  • For bears sustaining below the blue trend line can give a correction in their favor.

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