CosmicDust

SPY weekly - cautious - 10/24/2015

AMEX:SPY   SPDR S&P 500 ETF
spy
197 1 5
spy
market had a remarkable 2 days rally, SPY             managed to close above 40 week MA, which exceeded my expectation. Given the red resistance on price and RSI , I want to be cautious entering next week. Given it is only several percent away to previous all time high, down side risk is increasing. If it can take out the red resistances and make an all time high like above $213, I will be bullish again.
IN most recent cases when it dipped and went back up to touch, it dipped again before breaking it (if not going lower)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out