September 14, 2011

SPY Hits Resistance line

CHART-II UPDATED
CHART-I
  • SPY hits the resistance line at 118.60 and starts to come down.
  • Price has to stay above this resistance line for an up move to happen.
  • Failure to stay above the resistance line and falling below 117.56 may result in a bigger correction.
  • SPY RESISTANCE LEVELS AND GAP - YESTERDAY'S POST

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