June 5, 2013

SPY Chart update


  • SPY Testing 200 Hour SMA again.
  • 4 Hour chart shows price testing 38.2% Fib level. If this level does not hold price could fall towards the GAP and Golden ratio.
  • Second chart shows triangle breakdown and the retest of the support line resulting in a fall.
  • For bulls of SPY Price has to move back above 200 Hour SMA to avoid a bigger fall.



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