SPY becomes interesting...

SPDR S&P 500 ETF TRUSTArca

Description

⋅ Aug 13, 2014 2:56 PM

Strong buy IF blue resistances get taken out, and MACD turns positive in coming days, as that may carry it to $202 in the next several weeks.

Otherwise wait until the pink support is hit and re-evaluate at that time.

SPDR S&P 500 ETF (SPY)

Comments

A-shot

⋅ Oct 2, 2014 9:21 AM

Back to the line and breaking the line . OH boy

A-shot

⋅ Aug 15, 2014 9:52 AM

Blue is out, macd close to turning positive...but for how long is the question

CosmicDust

⋅ Aug 15, 2014 11:54 AM

Daily chart looks great, so the chance of it going higher is good (for the short term like a couple of weeks) . But it is good to have a stop loss order in place, as market can surprise anyone.