SPY No Bear is Sight June 7, 2009
Posted by wallstreetbuddha in Uncategorized.Tags: Bull Trend, Market Analysis, SPY
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Well here is the analysis on SPY. We’ve gone through a major bull rally in the last few weeks. The shorts were bleeding heavy as no pull back materialized. As far as I know this is a bull rally that is still in tact. Monday morning will be a revelation as too if this will continue or not. I would keep a close eye on the 50Ema level shown on the chart. if we break through and close above that level. I speculate that the bull rally will continue. We shall see.
SPY Weekly
