February 5, 2012

SPY Weekend Update

  • SPY Month chart shows price above the resistance line drawn from 2007 top. But price is also nearing a horizontal resistance line near 137 levels as shown in 2nd chart. Weekly charts also shows Horizontal resistance levels near 135 and 137. Four hour chart does not show any weakness yet may be we can expect weakness to be seen near 135 or 137 levels.
  • DOW JONES WEEKLY RESISTANCE LEVEL

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