January 30, 2014

SPY Analysis after closing bell



  • SPY Daily chart shows price testing the crucial 100 Day SMA and Ichimoku cloud
  • Weekly chart is near the rising support line from 134 levels.
  • If the levels are held an oversold bounce is likely here. Recent price action in weekly chart does favor bears But it needs to break the crucial up trend line to extend gains on the downside.
  • FORD DEATH CROSS UPDATE
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