July 6, 2011

SPY Support and Resistance levels

CHART-II
  • Price broke the support level of 133.39 and made a low of 133.11.
  • further fall only if day low (133.11) gets broken again.
CHART-I
  • SPY has been getting support near 133.39 level. 
  • Resistance is at 134.10 level.
  • Price will be in a range until this level gets resolved.
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