November 3, 2011

SPY Trend Update

  • Price is stuck between 50 and 200 SMA. Larger move will happen once price gets out of this range.
  • Price staying above 20 day sma will favor bulls.
  • Price is also staying above 20 Week SMA. For bears price need to trade and close the week below 20 Week SMA for a bigger down move to happen.

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