November 1, 2011

SPY Trend Update

  • SPY is moving towards its 50 Hour moving average and the Ichimoku cloud for the same time frame.
  • Price has to make a convincing close below 50 Hour SMA and sustain below the cloud to  turn the trend.
  • If the correction is limited to the cloud we will see an up move.
  • CSCO NEAR WEEKLY RESISTANCE LINE

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