January 12, 2012

SPY Trend Update

  • Hour up trend will be safe above 50 Hour SMA.
  • Important levels for SPY are 128.38 as support and 129.65 as short term resistance.
  • Up trend will be safe if price remains above the dotted trend line and the hourly cloud.
  • For bears price need to fall below 50 Hour SMA.
  • GOOGLE FALLS TO 50 DAY SMA
  • MSFT PAUSES NEAR RESISTANCE LEVEL

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