Headed to 111.7 if SPY can hold 109.9

Headed to 111.7 if SPY can hold 109.9

With the strong reversal yesterday SPY has made a strong case for hitting 111.7 before any reversal. SPY is set to gap up and open at 110.6, the farthest I see SPY dropping today is 109.9. If SPY can hold 109.9 then I like the chances of SPY hitting 111.7. Notice the broken downtrend line A.

LOADING
(optional)
(optional)
Copyright 2009. All Rights Reserved.   Site Map
Disclaimer: All content on spychart.net is intended for recreational purposes only. Consult a licensed financial planner before making any decisions with financial ramifications. The author is not liable for any financial, mental, physical, or spiritual loss or damage incurred by the reader.