Friday, April 1, 2011

Caution SPY Hitting 2 resistence lines

Sorry without my charts today but need to let you know premarket today the SPY hit 133 which has come up against 2 trend lines of resistence. If you go to my last SPY chart it is the pink trend line. The second is the Mar. 1st high right at 133. With the jobs report out at 08:30 watch we dont hit this resistence then close lower. Rember stops to protect urself incase the market goes against your trade.

Disclaimer: Please read the disclaimer at the top of the blog

No comments:

Post a Comment