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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 686.96

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To: Johnny Canuck who wrote (39951)	7/21/2003 1:16:55 PM
From: Johnny Canuck	Read Replies (1) of 69319

COMPX filled the gap from early July at about 1684. This is also a solid support level and near the up sloping trend line on the daily charts. Intra-day and daily technical indicators are neutral. T2110 is approaching a support level. Another day of selling should dictate a reversal of the indices for a bounce. It is the only indicator hinting at a bounce right now though, so it is not wise to bet heavily on the bounce.

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