"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

Tuesday, November 29, 2011

SPX proxy SPY updated

I know those aggressive US consumer maniacs would lead us to a magnificent Santa rally, but this chart says 'nuh uh, not until the gap, lateral resistance and moving averages are successfully surmounted.  Dat's a lotta congestion up there.















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