AI
Sunday, May 19, 2013 11:58:30 AM
SPY: look at the channel based on the 9 month cycle. Price has just pierced it, barely. RSI is in a dangerous place, particularly when price is at the top of the channel. The 11 day cycle/trendline is near 165, and would be the first trend break.
Channel, RSI, and price target 167-170 discussed previously make this a very interesting time.
Channel, RSI, and price target 167-170 discussed previously make this a very interesting time.
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