Wednesday, September 16, 2009

Technical Picture - SPY - Weekly Gap Resistance In Play

The SPY's bearish gap resistance from last October is in play. You may have noticed that the markets started to get really choppy in late afternoon. That's triple witching OPEX starting to kick in.

2 comments:

StockFiend said...

you think it will gap-fill?

Jamie said...

Eventually yes, but I'm hoping it holds as resistance now so that we can work off this overbought condition. We need a little drama to make things interesting.