Ape
Short

SPY Possible Double Top

BATS:SPY   SPDR S&P 500
176 1 0
Just before the close I posted a chart that suggested the SPY             might encounter heavy resistance as it approached its' previous high. And boy did it. As soon as it tried making a new high the bears beat it back down in the closing minutes and even after the close. The key now will be to see if we get follow through to the downside. First key support to keep and eye on is 151.20. This is the linear regression line, and it took a bounce right off this level in after hours trading. So for tomorrow I will be watching for follow through to the downside at the markets' open.

To get intraday trade alerts on my trade ideas follow me on my blog:
http://junglestocks.wordpress.com/
Follow through to the downside huh boy did it work wonders
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out