Friday, August 21, 2009

8/21 - spy > ema


SPX - bullish new high


SPY - bullish, no resistance


ETFs - commodity leads rally


Analysis: this market is bullish..i can look into many other charts to see reasons why we should fall very soon but i will save my time and yours by just looking at the obvious which is that we are in virgin territory in a bullish environment...safe to just stay long til we break below 30ema on 30min chart...and maybe even til 30ema on daily is broken...

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