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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 680.44+0.6%Dec 19 4:00 PM EST

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To: el paradisio who wrote (51318)5/19/2000 5:15:00 PM
From: Michael Watkins  Read Replies (1) of 99985
 
el,

March 20? That's an interesting candle to pick for support, not one I'd have looked at. March 16 was a terribly bullish break out and the base of that candle has to hold...

In the meantime, there's plenty of room for triangle and wedge drawing here. Seems likely it will fail. 624 being the next stop should the selling continue.

cheers
mw
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