AI
Thursday, August 28, 2014 10:49:10 AM
SPY 60 BY ART HILL
No change. SPY is up around 5% since August 7th.
This is a very steep advance and the ETF seems short-term overbought, but selling pressure remains subdued.
I am going to leave key support at 194 because I see now other place to put it for now.
A Raff Regression Channel extending up from the 7-Aug low and a small buffer can be used to mark a tighter support level at 198.50.
My comment
First weakness.
No change. SPY is up around 5% since August 7th.
This is a very steep advance and the ETF seems short-term overbought, but selling pressure remains subdued.
I am going to leave key support at 194 because I see now other place to put it for now.
A Raff Regression Channel extending up from the 7-Aug low and a small buffer can be used to mark a tighter support level at 198.50.
My comment
First weakness.
TRADING TNA AND TZA
http://investorshub.advfn.com/TRADING-TNA-AND-TZA-12981/
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
