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Saturday, March 5, 2011

SPY Spiders ETF Daily Chart

SPY ETF daily chart, same idea as SPX as is expected. Price paused exactly on top of the 20 MA for this weekend, watch the move here for the hint on direction come Monday. That 134 gap fill would close all loose ends above and open up the path way south. Some wicked gaps require filling down below. Support levels at 128, 126, 123, 117. Two large volume candles will need tested as time moves along. Potential M Top now forming. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.

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