Disclaimer: Steelman's Technical Charts are my own amateur interpretations of technical charts and for informational purposes only and should not be construed as investment advice regarding the purchase or sale of securities, or any other financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities mentioned herein. Steelman's Technical Charts assume no responsibility for your trading and investment results.
Sunday, February 13, 2011
Broke 2000 High But not Confirmed
We broke the 2000 highs on Friday but I always like another day to confirm the break. Vol is still low the Fed still playing the QE2 game so I am still kinda neutral here to see what Monday brings at a close to see where we go from here.
Base on this longer dated daily chart and Fridays break is confirmed on Monday then the next resistance will be 135.91
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