nmike
Long

SPY monthly update

BATS:SPY   SPDR S&P 500 ETF
692 2 2
OVERALL LONG TERM TREND IS STILL BULLISH .
The only short term concern I have on SPY             , is what seems to be a DARK candle stick pattern.Let's see what happens during or near end Nov.
MONTHLY update. SPY was up 1.5% (as high as 3%) in Dec.2012. That's not bad considering all talk the about a FISCAL CLIFF. More proof that Mr. Chart has the final say.Long term trend is still bullish.When and if the slide down a CLIFF begins, don't worry, Mr. Chart will let you know.
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>>>>MONTHLY UPDATE. Price above 10MA and all other indicators are bullish.<Remember folks, the chart does not know what a FISCAL CLIFF is. Focus on price action not on headline news.
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