February 11, 2014

SPY Analysis after closing bell

  • SPY Daily chart shows price testing 20 Day SMA. This zone with 20 and 50 Day SMA  may act as stiff resistance level.
  • Bulls are showing a Daily MACD Bullish cross. Recent bullish crosses has done well for bulls as shown in 2nd chart.
  • Last chart shows price reentering the cloud. Bulls need to break back above the cloud to resume the primary trend.
  • GOLD Near Resistance levels

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