An educational blog which supplements subscriber service
Chart Patterns are nothing but Footprints of the Greenbacks.
Friday, May 15, 2009
SPY talk
In retrospect, it would have been too cute for 88.5 to hold -- we broke it, hit the 20 SMA and bounced. Unless we get new "green shoots" data in the following weeks then the next logical place for SPY is the 50 SMA around 83 zone.
