novvoll12

SPY 210.36: Neutral – Tests 3-week triangle resistance

AMEX:SPY   SPDR S&P 500
spy
SPY             rebounded strongly off last Friday’s 206.87 low (August 7, 2015) to test 3-week triangle resistance (as shown on the daily chart ). A clean breakout would extend the bullish momentum through 211.45 to open the 213.18/213.34/213.78 key range ceiling area. However, a downside reversal below 206.87 (near the 200 day moving average) would negate the bullish scenario and weaken towards 206.26. Below would focus the 204.11 key 7-month range support.

Outlook:
Short term: neutral
Long term: bullish
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out