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Thursday, August 16, 2012

$SPX: Ressistances and supports. Count continue in place.


Our supprts and ressistances continue in place and the SPX is the one that moves with the interaction of 500 stocks and SPY is an ETF from SPX. We have posted before that SPY broke the HS neckline one day before SPX and we have posted charts of SPX,SPY and $ES_F showing that they are not 100% correlated. What happen a few minutes ago, with SPY is a lost battle for the bears but not the war. We are going to be more cautelous from now on.

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