July 11, 2011

SPY Moving away from the Island Top

CHART-II - (UPDATED)
CHART-I
  • SPY is moving away from the island top formation.
  • Price staying below 133.30 level will favor bears.

NIFTY hits the support level again

  • For bears above shown level has to break.
  • For bulls price fall should stop here for another attempt towards resistance levels.