AMEX:SPY   SPDR S&P 500
278 4 6
Updating data from old chart with observation about the nature of it's behavior. i.e. it's changed.
K, curious what your take is on this chart after the run up?
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KLang dougl1965
What's most interesting is the shallow retrace. The most shallow in the shown timeframe. One would think it shows nice strength. However, I posted a weekly SPX the other day, the data from which I drew an observation is rather thin, but I suspect price may stay in a range for several weeks, that is, not making higher highs for a few weeks. As always, though, I'll continue to play intra-day charts as I see patterns develop.
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great chart, thanks
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Nice perspective...thanks!
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