SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Technical analysis for shorts & longs
SPY 689.46-0.9%Feb 3 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jurgen who wrote (19684)2/4/1999 11:40:00 PM
From: Jurgen   of 70420
 
>>..as long as 2200 holds..<<

2400, of course...
The nice trendline from the October lows is still valid, Naz is sitting on it right now.
50 Day MA: 2,202.61 (Today's close 9.4% higher)
200 Day MA: 1,889.75 (Today's close 27.5% higher)
Trend (r2 smoothed): 0.691

Some support at 2380-60, 2300
strong support ~2200
Fibonacci Retracement Level: 2260-2088-1950 (for the run-up from the october lows)

2260 fits nicely into the chart picture as a downside target
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext