Expect a short-term correction on SPY

bucks · 发表于 2011-4-28 06:59 PM

As the chart below shows, the rally is already over-extended and I expect a correction soon (as early as tomorrow). However, if the upper line of the rising wedge is taken, the story would be different.

This is just a short-term play. I am bullish on longer-term and hold positions firmly.

SPY 5min.jpg

viewer · 发表于 2011-4-28 07:04 PM

pigking · 发表于 2011-4-28 07:11 PM

bucks · 发表于 2011-4-28 07:35 PM

回复 bucks 的帖子

it looks even better on 15min chart.

My view is with bears, but my hope is

永恒罗马 · 发表于 2011-4-29 05:27 AM

wave · 发表于 2011-4-29 07:53 AM

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[讨论] Expect a short-term correction on SPY