May 18, 2011

SPY Resistance line

CHART-II
  • Price has broken the resistance line discussed below. Price is now testing the 50 Hour moving average. Staying above the same will be good for the bulls.
CHART-I
  • SPY 15 Minutes chart is approaching a resistance line
  • Hour chart shows price near 50 Hour moving average.
  • So Bulls need to stay above these level for extending gains.

6 comments:

  1. Thank you for your professional
    Can I ask you the "QQQ" ?
    support and resistance points

    Thank you for your professional reply

    ReplyDelete
  2. @Russia

    QQQ Resistance is around 58.40. Support is the current swing low which is 57.14.

    Above levels are for short term trades.

    ReplyDelete
  3. Dear San, thank you very much to your reply and your good, if it's short term trades, I can't buy in to me, because I can trade for long term only, so can I ask you what kind of index or market is good to buy and keep in hold to June?
    UUP? OR Other ? thanks!

    ReplyDelete
  4. Hello! many thanks for here every day and good work for San!
    if I buying Dow Jones index (DIA) Can ask the Dow will going up to the 13000 in June.
    if yes what the range is good to buy,is 12300 or now? thank you so much Again!!

    ReplyDelete
  5. @Russia
    I will try to do a Weekend update on Dow Jones with main supports and resistance values.

    ReplyDelete
  6. Dear San
    Greatly appreciate your analysis of DOW and Nasdaq Index
    Look forward to your analysis
    I was unable to trade short-term and real-time intraday price
    Can only get close
    I hope to help you analyze your range to the June
    Thanks again for your good professional analysis

    ReplyDelete