http://www.tradeartist.com/2009/07/13/spy-elliott-wave-update-monday-7132009/ The Art of The Trade. Trade The Financial Markets With Confidence. Fri, 23 Jul 2010 18:48:17 +0000 hourly 1 http://wordpress.org/?v=3.0.1 http://www.tradeartist.com/2009/07/13/spy-elliott-wave-update-monday-7132009/comment-page-1/#comment-703 Trade Artist Tue, 14 Jul 2009 22:45:40 +0000 http://www.tradeartist.com/?p=1232#comment-703 I was going to give it until $91.38. As I write this however, the futures are up big and the SPY is bid at $91.43. If the strength holds into tomorrow's close my bias may change. Elliott Wave aside, at the present time the hourly chart is extended and gapping up right into the 200-period moving average. This may bring some volume from the bears. I'm going to post a chart later tonight in reagrds to volume and why I think this rally will end sooner than later. I was going to give it until $91.38. As I write this however, the futures are up big and the SPY is bid at $91.43. If the strength holds into tomorrow’s close my bias may change. Elliott Wave aside, at the present time the hourly chart is extended and gapping up right into the 200-period moving average. This may bring some volume from the bears. I’m going to post a chart later tonight in reagrds to volume and why I think this rally will end sooner than later.

]]> http://www.tradeartist.com/2009/07/13/spy-elliott-wave-update-monday-7132009/comment-page-1/#comment-702 hi Tue, 14 Jul 2009 15:51:07 +0000 http://www.tradeartist.com/?p=1232#comment-702 So how much room do we give it before we assume that it's still on the upside? So how much room do we give it before we assume that it’s still on the upside?

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