S&P 500 Morning Analysis 11/4/09
- alphatrends
- November 4th, 2009
The SPY is trading at 105.20 this morning and that puts the market back above the 5DMA, if the market can hold above ~104.80 today the chances of a stronger bounce increase. Upside levels where we have the potential for resistance are found near ~105.41, 106.15 and 106.86. Short term support levels should be found near ~104.13, 103.60 and 103.15.
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Brian Shannon is a full time trader (with 17 years of experience), educator and author of the highly regarded book Technical Analysis Using Multiple... More »
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