50 Day Moving Average Offers Support - Divides the Bulls and the Bears
SPY 3 Month, Daily - 5.19.11 - Critical point of Conflict between the Bulls and Bears. 50 Day Moving Average at Risk. Do we get a Bounce or a Breakdown?
SPY 30 Day, 90 min. - 5.19.11 - As the Wedge narrows the Market will make a Break one way or the other.
SPY 10 Day, Hourly - 5.19.11 - The Longer Term Trend lines are Critical and Most Important in Seeking Market Direction. Narrow the View to a Closer Short Term View to Make Entry and Exit Decisions. The Charts are consistent with a move to the Downside, but, the Market has a way of doing the Opposite of what is Expected.
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