3.07.2006

SPY TECHNICALS

The SPY chart above is starting to look, well yes, like a trading range. The 2 day RSI is at about 14 so if there is morning weakness I intend to buy. However, I do not like the looks of the market so I anticipate it will be a quck flip. Also, note on the MACD indicator below the chart that as the SPY makes higher highs, the MACD lines make lower highs. That is a BEARISH NEGATIVE DIVERGENCE.

1 Comments:

Anonymous PENNY STOCK INVESTMENTS said...

Interesting chart patters.

1:29 PM  

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