Technicals Collision on SPY

21:00 UTC 22 Jun 2009 3 Comments

Today the market puked on itself and has been struggling ever since the 200 day moving average was in the picture.  Todays action brought the market to a closing below both the 50 day Moving average and the 200 day MA.  The bulls will have to prove themselves.  Below is a chart showing the importance of today’s action.  Also there is another chart if you click Read the Full Post & Comments below.

spy6-22-09

2 Year Chart showing the lead up to this:

spy6-22-09-2yr

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Finance, Stock Technical Analysis

3 Responses to “Technicals Collision on SPY”

  1. hystoryrhymes Reply 22:21 UTC 22 Jun 2009 at 10:21 pm

    On top of it we had Volume and 20d Lows (on a Institutional Money must have portfolio) confirming the change of trend bias
    (pls see
    http://reflections-of-reality.blogspot.com/
    for more on this)

    hystoryrhymes

  2. - Reply 1:06 UTC 23 Jun 2009 at 1:06 am

    Love the new site.

  3. Nicholas Lewarne Reply 6:48 UTC 23 Jun 2009 at 6:48 am

    Thanks! I appreciate that.. Im definitely liking it too.

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