Approaching Resistance On SPY

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Approaching Resistance On SPY

By David Spurr on November 28, 2008 | More Posts By David Spurr | Author's Website

No doubt SPY (SPY) is coming into some resistance on the way up and we’ll need more energy on the volume front to power us through the resistance to approach the 1000 or 1200 levels.

You can see that the Rate of Change is overbought short term. In the Long Term, it is oversold on Daily.

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