Posted by junkmaylbox on 21st of Mar 2009 at 11:30 am
rp, Your SPY chart explained the intraday bounce pretty well. As
you observed that XLF retraced 38% of its decline, it may bounce to
the MA(50) or the upper trendline before going lower. Is there any
trendline support for it at the Friday close?
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
rp, Your SPY chart explained
Posted by junkmaylbox on 21st of Mar 2009 at 11:30 am
rp, Your SPY chart explained the intraday bounce pretty well. As you observed that XLF retraced 38% of its decline, it may bounce to the MA(50) or the upper trendline before going lower. Is there any trendline support for it at the Friday close?