BATS:SPY   SPDR S&P 500 ETF
213 2 0
SPY             has had a strong support line since the start of the year and it is currently being tested again. Because of the strength of this line I would say right now is a good time to go long.

The green line on the RSI shows that when it dipped below this level a period of adjustment occurred before resuming the prior uptrend.

A few things do concern me slightly.
1. The 8 day EMA crossed below the 50 day which hasn't happened in a very long time.
2. Both the MACD and RSI have bearish divergence which I portrayed as the red dashed line.

HAPPY TRADING!!!
octradr
3 years ago
Looking good so far!
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octradr
3 years ago
Time to take the profits! 9/13/13
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