Sunday, December 19, 2010

Addendum - Long Term View

Historical Highs and Lows can be Important Points of Support and Resistance.  In this case it is Resistance.  Be Aware.

(Click on Image to Enlarge)

SPY 5 Year Chart.  The Current Market is at a Signifiant Point of Resistance based on prior Points of Market Collapse.  it wll prove interesting to see how we navigate these shoals.