Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
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Sunday, February 13, 2011
SPX Daily Chart Summer 2006 for S/R
SPX daily chart from 2006. The SPX recently poked up thru the 1230-1245 resistance level from 2006. To start the week of 2/14/11, the behavior in this 1225 to 1235 area is important. Lots of resistance here now but with the momo behind this phenomenal bull rally, it will simply have to play out this week.
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