Sunday, November 13, 2011

SPY Starting Nov 14

Neutral to bullish going into next week. Looking for 121 area to act as support. Resistance is around the 129 area. I expect further consolidation within this area. The lower Chop area should act as support. I am currently holding a position from the breakout in the 122 level. Looking to trade the neutral range inter week While holding on to my core position. Stop is a solid close back into the lower chop area.

Follow me on Twitter for real time update @WeeklyCharts

No comments:

Post a Comment