Replies to post #53358 on SPDR S&P 500 (SPY)

[GLENO34]

FOX..Could be some Faking going on..Look at Big Volume Bar just above price..That should be pretty strong Rez??
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=5&dy=0&id=p58784186134&a=16527860

[leftyg]

Yes, as Gleno says, there could be some fake moves..or it could be real. My short-term trend parameters have come within pennies of reversing upward on the MID..which would trigger an order buy for me. I know there are always..always..a bunch of reasons the market "should" go down..and often goes up in spite of all the worry.

Edit: while I was typing..the buy triggered, so by my calculations we should be in an uptrend for a day or more.