SPY Update

8:16 UTC 18 Dec 2009 3 Comments

SPY has not been making it very easy to be long for a breakout or Santa rally.  Below is a chart showing its support and resistance levels going into the last week of trading next week before Christmas.

spy12-18-09

This is what this past week has felt like:

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Stock Technical Analysis

3 Responses to “SPY Update”

  1. Dave Reply 10:27 UTC 18 Dec 2009 at 10:27 am

    That bear wrestling video is cracking me up!

  2. Bill M Reply 10:52 UTC 18 Dec 2009 at 10:52 am

    It looks like the market might hold on today to that support and hopefully rally all next week into the holiday.

    Just gotta keep that dollar down!

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