$SPY – in intraday uptrend on open

Following the green…

The major indexes, represented by the ETFs SPY, QQQ and IWM, will enter the open today in intraday uptrends following the firming on the close yesterday.

But with many crosscurrents in the market and a rally that is long in the tooth, question will be how long can the uptrend hold.

(right click on chart for a larger view)

SPY_GREEN_2016-08-10_0615

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s