Monday, December 19, 2011

The HIGHER LOW. ~ SPDR S&P 500 ETF $SPY

 
DEFENDING THE HIGHER LOW. 


LEVELS
1) RED bullish trend line from the low. (filled gap/top of base)
2) ORANGE bullish trend line from bottom of base. (unfilled gap) *
2) GREEN horizontal "higher low" support line.




* favorite buy zone (orange)
     ... gap fill area, oversold stochastic level, higher low intact.

p.s. watch/wait
   ... for the breakout spike in $TLT for a top/equity bottom.

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