Turning Point - Up or Down?
SPY 20 Day, Hourly - 9.9.11 - Technical Analysis has its Moments. This is a Moment. SPY price action is at support and at the same time we can see a "Lower High" from 3 Days ago. That is Bearish to a Technician. The Risk in this market is both to he upside and downside. On Balance the move appears to be to the downside.