November 11, 2010

SPY Support and resistance levels

  • SPY got support near 120.67 which was yesterday's low point.
  • Resistance is seen at 122.
  • There are two partially filled GAP's in the chart.
  • Break of 120.67 may fill the GAP which is below the price.  If gap above gets filled price may find it tough to cross 122.
  • DOW JONES ANALYSIS AFTER CLOSING BELL

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