Support & Resistance Levels

• alphatrends
• February 26th, 2009

The markets have been given another stay of execution but they remain very hard to trust with so many levels of potential resistance above. The market remains difficult to trust in either direction and the only edge I can find is in daytrades.

Key levels in SPY, QQQQ and IWM

SPY
Support
76.25
75.75
75.00
Reisistance
78.50
80.50

QQQQ
S
28.50
28.15
R
29.20
29.60

IWM
S
40.00
39.50
R
41.65
43.00

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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