nmike
Long

SHORT TERM SWINGERS.Take some profits.

BATS:SPY   SPDR S&P 500 ETF
327 3 1
SHOOTING STAR @ 2 RESISTANCE POINTS.Long term trend line ,short term trend line @ top of KC band.There is also a negative DIVERGENCE stochastic .LONG TERM TREND IS STILL UP.
We did have 3 down days since publishing this chart.You never go wrong taking SOME profits along the way, today we have a huge gap up. Let's see if we can break the 2 resistance points.The long term (monthly chart)is still BULLISH.
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Followed.
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Disagreed.
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