SPDR S&P 500 (SPY): Rab, it looks like we have just been in...

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learningboutinv

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learningboutinv

Re: rab120 post# 52885

Tuesday, 06/17/2008 3:10:45 PM

Tuesday, June 17, 2008 3:10:45 PM

Rab, it looks like we have just been in a trading range since 12noon today. Consolidation.

FWIW, the uptrend line from Friday 6/13 on the 60min charts for the QQQQs has been broken to the downside today around ~12noon. So if I were trading, I would be short as well because that is now the overall trend at the moment. But I just wanted to say make sure of course you have your stops in place since the 5min charts has been doing nothing and has been stuck in a range for the past 3 hours.

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