SPY Weekend Update

• Week chart shows next important resistance level at 137.18. Weekly candle closing above this level will add further strength for bulls. Bears need a close below 134 level for confirming weakness.
• Daily chart shows price moving in a rising wedge like pattern with negative divergence. But weakness is yet to be seen in daily time frame as can be seen from the third chart. daily candle is yet to close below 10 Day EMA, Price is yet to test 20 Day SMA for the current rally.
• DRYSHIPS INC WEEKLY CHANNEL
  
• BIDU WEEKEND UPDATE