Billhinge
Long

Close up of 6th May SPY Action

AMEX:SPY   SPDR S&P 500 ETF TRUST
Today as expected and foretold last week the lower Median lines were successfully tested
Testing involves going under, on, over, under, on, over line like a rolled over 'S' - looks like a jiggle on chart
There are multiple medians reflecting the trend time from years, months, weeks, days, hours etc. The longer the trend the stronger support or resistance
Chart shows 1 minute bars - unable to display 100 DMA in this time frame

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