Friday, December 30, 2011

SPY Breaking down a little here

 Here's the 50 bar 5 minute chart watched by many day traders and the SPY has seen support there all morning until the last 10 minutes or so.

 SPY 1 min

 SPY 2 min

SPY 5 min

These aren't the "jump off the chart" signals I'd like to see to enter a trade, but I'm not sure we can expect that today unless a major program is set to kick in at some point today.

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