Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 690.27

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Dec 26 4:00 PM EST

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To: E_K_S who wrote (47885)	5/9/2012 10:53:34 PM
From: Johnny Canuck	Read Replies (1) of 69249

Technically yes, a sell signal was generated on the XLF due to the closing number. Keep in mind though the ETF is so closeto the major support level around that 14.65 by volume by price that it could easily reverse back up. I personally would wait for the 14.75 level to break and confirm. Keep in mind I do use a trend following system so I am going to be late. Same comment on the Sp500,. DOW and QQQ.

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