November 7, 2012

SPY Support levels

 
 
  • SPY 30 Minutes chart shows price near support possible support level at 140.75
  • Daily chart near 100 Day SMA and Near 38.2% Fib level.
  • For bears bigger gains is possible only if the day closes below these two crucial support levels.

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1 comment:

  1. Sandeep KoppulaNovember 7, 2012 at 8:48 PM

    Hi San,

    Have you had chance to look at Einhorn's fav short Chipotle? The chart is trader's dream one with nice patterns such as quad support breakdown and now CT breakout. At this moment, it is at an important level 283.

    Thanks for all your great work!
    Sandeep

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