CosmicDust

SPY update - 12/09/2014

AMEX:SPY   SPDR S&P 500 ETF TRUST
spy
Big drop and reversal day, it closed right under the red line and might be working on its right shoulder. RSI down channel formed. We will see if it can go above 10 period MA and pink channel in the coming days. If not, together with a flat to downward 10 MA, there is a good chance a short term peak is in.