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Friday, June 5, 2009

LIKING SPY 97 FOR LEG FIVE OF THIS WEDGE

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9:27
spy daily

nfp data was good, so if we run on this today and possibly mon the daily indicators should end up pegged at around price 97ish.
btw, imo also at 97, an acceptable box height would be in on this weekly. though 100 even would be ideal to start the proposed consolidation





11:15am
INTRADAY SNAPSHOT
spy / 1min


they tried to sell the news, but it was well bid all the way down. shorts could try again, probably late, to force some profit taking






3:08pm
INTRADAY SNAPSHOT
spy / 1min


well, lets see what they got. advantage bulls imo

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