November 9, 2012

SPY Chart analysis

  • Daily chart shows price testing 200 Day SMA.
  • Weekly chart has violated the up trend line. 
  • Daily closing below 200 SMA should favor bears for a possible hit at the 50 Week SMA Which is near 139.50 levels.
  • For bulls day should close above 200 SMA for avoiding bigger falls.
  • APPLE WEEK NEARING OVERSOLD ZONE
By at

3 comments:

  1. StockNovember 9, 2012 at 1:07 AM

    San you got Hot Option Babe on your roll but not Hawaii Trading, Im hurt LOL

    http://oahutrading.blogspot.com/

    ReplyDelete
  2. SanNovember 9, 2012 at 1:19 AM

    @Stock
    Look again you're link is there in the list.

    ReplyDelete
  3. Sandeep KoppulaNovember 9, 2012 at 2:13 AM

    San, Please check 50 week SMA level.

    Thanks,
    Sandeep

    ReplyDelete

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