$SPY $QQQ ANALYSIS GOING FORWARD

As mentioned from my post dated Nov 28, 2012, when I went long $SPY  in 140-.70 -141.20 region  http://dchsn6.wordpress.com/2012/11/28/why-i-went-long-spy-today/  , my core position is up by almost 3% and markets are due to take a rest, big picture I am still bullish. Last 2 days of price action, where markets have made big attempts to move up but only to give back the gains right into the close, is a bit of concern. I have noted down the levels I will be watching forward.

If you liked my analysis, please vote for me: dchsn6   as your next financial blogger  http://ibankcoin.com/flyblog/2012/12/13/behold-elections-are-here-2/  ., voting is open till Dec 13, 2012 4:0pm EST.

We have the 20EMA moving upwards and 50EMA going from bearish to to slightly bullish is good signs for the bulls. A minor pullback into the circle region on lighter volume will be considered constructive, watching the intraday price action would be important as you want any dip in that region to be bought by the bulls.

spy

If you would like to join us in our trading room, email: dcshn6@gmail.com.

For traders who are looking for HIGH LEVERAGE, LOW COMMISSIONS and RELIABLE PLATFORM, check out TRADER BENEFITS TAB for more info., earning season requires you to have enough buying power to be in trades and having a Power Day Trading account can help.

Follow me on twitter @dchsn6

Like us on Facebook: https://www.facebook.com/Dchsn6

About these ads

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

%d bloggers like this: