"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Wednesday, August 19, 2009

SPY 60 min. updating...

Like we did recently with the FXI, today the SPY is updated with its line in the sand. I am not short the SPX, but I think this gives a nice parameter on the current would-be correction.

Today has pushed, but not broken, the envelope.