Stock Market Chart Analysis
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
August 10, 2012
SPY Range and Negative divergence
SPY Hour chart in a range.
Price is trading above 50 Hour SMA. Breakdown from the range may take price below 50 Hour SMA and towards the up trend line.
Negative divergence is giving sideways correction, breakout above the range may take price towards 142 levels.
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