Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 659.03

+1.0%

Nov 21 4:00 PM EST

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To: Johnny Canuck who wrote (46685)	4/1/2011 10:36:42 AM
From: Johnny Canuck	1 Recommendation Read Replies (1) of 68247

Within spitting distance of the recent highs on the indices. They need to break through the high in the next few session or chances are high that the indices will try to revise the recent lows. Complicating matters is that we are entering earnings session. The curent really is on declining volume so there is not a lot of confidence in the rally. DOW leading the way. It is through to a new high intra-day, but again on declining volume. The new high is not attracting much attention from traders. Financial very weak.

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