SPY broke the short trend line on the upside but the higher prices were rejected. Once again we crossed the 118.00 line, and bounced off the lower trend line.
Election day tomorrow!
Monday, November 1, 2010
Update on the SPY
SPY broke the short trend line on the upside but the higher prices were rejected. Once again we crossed the 118.00 line, and bounced off the lower trend line.
Election day tomorrow!
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Thks Denise. An author @zerohedge presents a (now broken) symetrical triangle, similar to yours. This run up to the 1200 line needs to break one way or the other. A correction would be welcome.
ReplyDelete@Wolfie,
ReplyDeleteThanks, I am not the best at drawing charts but when these type of patterns form it is difficult to ignore their implication.