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SPY Daily Chart Analysis

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
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AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis SPDR S&P 500 ETF (SPY)
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trendanalysis spy
Let us recapped what we have wrote before :-
1. 200MA has tested it strong support.

2. There is a resistance and support within the 50EMA and 200MA, and that caused SPY bouncing zigzag in between.

3. The Ideal momentum is when it creates Higher High + Higher Low Candles consecutively. This bullish momentum will break the 50EMA (resistance) and change it to support.

4. Doji Candle - Indecisive direction. Hopefully it will Bull Bull Bull....

So basically this is what we all would like to see. Let the time tell us! No guessing! No gambling!
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