September 13, 2012

SPY Chart analysis



  • SPY Weekly chart shows price almost hitting the resistance line of the rising wedge for SPX price has some more distance to go before hitting this line.
  • Daily chart shown with the negative divergence which refuses to help bears with a correction. Price has to show weakness for a bigger fall to follow.
  • Hour chart shown with immediate support and resistance levels.
  • ES CHART ANALYSIS

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