1.) Are they forming a bottom?
2.) Is the bottom strong enough to launch a rally?
Right now the evidence is the SPYs are stabilizing. However, notice that so far the 110.00 - 110.50 area has proved to be difficult to more through.
Wednesday, January 27, 2010
Today's Market
There are two important questions with the SPYs right now.
1.) Are they forming a bottom?
2.) Is the bottom strong enough to launch a rally?
Right now the evidence is the SPYs are stabilizing. However, notice that so far the 110.00 - 110.50 area has proved to be difficult to more through.
1.) Are they forming a bottom?
2.) Is the bottom strong enough to launch a rally?
Right now the evidence is the SPYs are stabilizing. However, notice that so far the 110.00 - 110.50 area has proved to be difficult to more through.
