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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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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