SPY had a big day on Friday morning with Ben and the boys. Well, we dropped and popped. Appears that the SPY is coming into some resistance at the whole number of 107.00 even level, this will be a gap fill if completed from Aug 23-24 area.
Sunday, August 29, 2010
Wednesday, August 4, 2010
SPY - 5 Min Chart w/ Hourly
Appears that this market will never go back down and that is fine with us. All of the meat is built in to the 1st hour of trading day and the last 15 minutes of the trading day. Stops and Profit target in place you can do better than, getting washed out of this machine driven market.
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