Saturday, March 26, 2011
Spy Big Trend Support Never Broke
Well my last blog I told you to watch the green trend line and how it was major support. the next day we broke through it but! Yes never confirmed the break the very next day closed above and for over a week the market has moved up. I think we are close to a top and a move back down. Why do I think that, is the pink trend line was support early Mar. broke to run to the green trend line. So support now become resistance. Where are we ,back at the pink trend line now resistance.
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