tradingformoney
Long

SPY Setting up to find new medium resistance

AMEX:SPY   SPDR S&P 500
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The market is at a critical swing high from 6/9/14
On the daily the trend formed from a medium strong tk cross over, however the market continued to put in higher highs. after it broke out of the 190.36 price range

On the Weekly chart the current tk cross over happened on the 8/6/2012 candle stick along with breaking out of the 141.99 range which happened with a weekly close on 9/3/2012.

The 2 hour chart just gave a tx cross over to the upside along with the 1 hour chart being in a tk cross over for nearly 24 hours.

Everything is lining up to enter the current trend if your looking for a new medium resistance level .
ake the entry off of the 2 hour chart and exit your trade based off of the daily chart .
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