April 19, 2011

SPY Cloud and Moving average

  • SPY is filling the Yesterday's GAP. But price is still below the cloud.
  • If 50 Hour moving average and Cloud acts as resistance only a partial filling of the GAP will be possible.
  • Hour chart will favor of bulls only if price breaks above the cloud and 50 Hour moving average.
  • ES SUPPORT LEVEL

No comments:

Post a Comment