SPDR S&P 500 (SPY): looking at the daily es chart, i also se...

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Re: youaretheone post# 106533

Thursday, 07/08/2010 4:40:08 PM

Thursday, July 08, 2010 4:40:08 PM

looking at the daily es chart, i also see scenario two as possible...that being a retrace of both yesterday and todays up action...we are sitting right below a flat 21sma, and right above a falling 13sma...in the past this has led to a 100% retrace. if they can thrust this higher tmw the bull have the ball and will intend to keep it!

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