Tuesday, November 11, 2008

Possible bullish wedge on SPY - 30 min chart


If there is more low volume saucering and a big up move on good volume, SPY could have a solid move up. Would prefer to see one more cycle within the wedge for more confirmation.

No comments:

July 11 - GLD sucks

stopped out of GLD yesterday for -25%.  Holding off on reentry and maybe will enter if we drop another level. SPY on the other hand is crus...