December 24, 2011

SPY Up Move With Decreasing Volume

  • Up move of SPY is accompanied by Low volume candles.
  • The candle which made it above the 200 SMA is showing the Lowest volume.
  • SPY is yet to close above the resistance line unlike the other charts.
  • If volumes pick up next week we may see this continue till 128 levels were the Upper Bollinger band  may act as resistance.

By at

2 comments:

  1. StockDecember 25, 2011 at 4:51 AM

    San happy holidays, and thanks for all your good work!

    ReplyDelete
  2. SanDecember 25, 2011 at 7:44 AM

    @Steveo
    Thanks for the wishes. Wishing you Merry Christmas and Happy New Year

    ReplyDelete

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