Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: Johnny Canuck who wrote (46490)	1/18/2011 6:09:25 AM
From: Johnny Canuck	Read Replies (1) of 68215

Most of the support is at $1.25. The volume supports the current move to a new high, but the stock is now extended short term and needs to correct in order to establish a new base for the next more higher. I would expect a test of at least the $1.70 or slightly lower area.

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