SPY mid week update

SPDR S&P 500 ETF TRUSTArca

Description

⋅ Sep 26, 2012 1:01 PM

The week is not over but so far it does not look good .Bearish candle pattern developing with NEGATIVE DIVERGENCE and an overbought STOCH RSI turning down. If SPY doesn't hold KEY resistance,watch for price to fall to near term target of 138

Comments

afinancestudent

⋅ Sep 26, 2012 5:28 PM

Agreed.

nmike

⋅ Sep 26, 2012 1:23 PM

sorry folks, that should be KEY SUPPORT...