The Table is Open; Take Your Choice!
SPY 3 Month, Daily - 11.29.10 - The Market is Range Bound in a narrow band on the SPY between 118.00 and 120.00. Today the Price Action was contained in that Range. The Market remains between the 20 and 50 Day Moving Averages which suggest lack of directional conviction. The longer term trend is UP. The odds are in that direction, but that is not a certainty. Continue to watch for a breakout above 120 or below 118. There is no divergence or difference in opinion expressed by On Balance Volume. Volatility remains high so always expect the unexpected.
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