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Homyk Registered Apr 2011 |
Technical analysis of the S&P 500 index for July 2011 using the SPY ETF. Please comment or contribute your own analysis.
Long time frame 
From the long time frame we see that price has moved back up the steepest cliff dive in 2008 and has headed up into a band with more resistance. A reliable trend has been established and price recently approached this. The S&P 500 isn`t very far behind the top from 2007 and 2000. Medium time frame 
In the medium term we see that price isn`t contained in a clear channel or formation in the medium term and is extremely volatile. Price recently approached the inner line but didn`t quite get there. This also happened previous to the last touch of the inner line. |
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