two SPY weekly charts - up close version - to compliment Post #272
comments in Post #272 apply:
* look to the left in these chart views for the $131.90 prior horizontal support and the $134.11 breakout levels
(intraday price levels)
* bulls want to see pullbacks to or toward the SPY $134.11 breakout level hold and establish this price level as long-term horizontal support instead of resistance, which has now been briefly surpassed by the price action for the week ended April 29, 2011
(these horizontal price levels shown on this chart will need to be adjusted when SPY pays the next quarterly distribution)
#1 - SPY weekly closes chart-
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#2 - SPY weekly high-low-close price bars-
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comments in Post #272 apply:
* look to the left in these chart views for the $131.90 prior horizontal support and the $134.11 breakout levels
(intraday price levels)
* bulls want to see pullbacks to or toward the SPY $134.11 breakout level hold and establish this price level as long-term horizontal support instead of resistance, which has now been briefly surpassed by the price action for the week ended April 29, 2011
(these horizontal price levels shown on this chart will need to be adjusted when SPY pays the next quarterly distribution)
#1 - SPY weekly closes chart-
#2 - SPY weekly high-low-close price bars-
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