Stock Market Chart Analysis
My blog tries to Analyse the trend and patterns of stocks, Futures, Commodities and Forex Markets
May 23, 2013
SPY Chart analysis
SPY Four hour chart has given a shooting star pattern.
Price is testing the rising support line. This one has to break for the shooting star or inverted hammer to perform well.
Last chart shows price below 50 Hour SMA. Sustaining below this level may extend the fall for bears of SPY.
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