By Gareth Soloway on April 15th, 2010 11:54am Eastern Time
Watch this trendline closely. Should it break, the SPDR S&P 500 ETF (NYSE:SPY) could dump quickly. The markets gapped slightly lower and then raced higher to make a new 52 week high. The SPY hit the key $121.55 level, given in the intra day stock chat as a great shorting opportunity. Sure enough, that was the top and the markets have fallen $.50 off their highs on the SPY.
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1 min data plot
0.07 box size by 3 reversal.45 degree trendlines
hilo in
put