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ITMS

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ITMS

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Wednesday, 01/11/2012 2:01:23 PM

Wednesday, January 11, 2012 2:01:23 PM

Post# of 784
Stock Market Update: Understanding The Charts


Yesterday, the markets surged higher hitting the key SPDR S&P 500 ETF (NYSEARCA:SPY) $129.50 level. This resistance level was solid and sure enough the markets are pausing today. Volume remains amazingly light in this new year. In addition, even with a strong Dollar the indexes have continued to hold near their multi month highs. This tells intelligent traders there is likely another surge higher coming. Once the $129.50 level is taken out, $132.00 - $133.00 is the next stop. ...Continue reading here: http://bit.ly/zui9kw
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