Stock Market Chart Analysis
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
March 29, 2012
SPY Chart analysis
Price approaching 20 day sma and an important channel support line shown in Four hour time frame.
Horizontal support level is at 138.55.
For bears closing below 20 SMA and 138.55 will extend gains.
Getting support at these levels will result in a bounce towards 140.50 levels.
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