Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 671.91

0.0%

Nov 14 4:00 PM EST

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To: Naveen Kumar who wrote (5941)	1/3/2000 5:17:00 PM
From: Dr. Stoxx	Read Replies (1) of 39683

No...technically it is still in an uptrend, with support in the 34-37 area, which does not give the trade a favorable profit-risk ratio. What it would need to do is selloff some more, rally but only to a lower high, then start selling off again. Let's keep an eye on it. TC.

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