SPDR S&P 500 (SPY): Last year we never got below the middle...

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Re: GLENO34 post# 106628

Friday, 07/09/2010 8:38:32 PM

Friday, July 09, 2010 8:38:32 PM

Last year we never got below the middle bollinger band in July on the SPY weekly...this year we're way below that, in fact we've got a cross down of the 50 ema and 200 ema on the weekly SPY....on the monthly SPY the 13 ema, and the 34 ema have crossed the 50....what does it all mean?....distribution is my guess...whereas last July it was buying...IMO of course.

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