Home > Halftime Report, Uncategorized > Halftime Report, Wednesday November 11: SPY Testing Resistance

Halftime Report, Wednesday November 11: SPY Testing Resistance

November 11th, 2009 Leave a comment Go to comments

SPY is putting in some significant tests of the 110 mark today. SPY gapped up above 110 at the open, and chopped around the mark throughout the morning session ultimately breaking below it. Right now, SPY is around the same level it hovered at yesterday (109.9). The Financials are showing relative strength intraday, but are relatively weak on the daily chart.

The TICK is the only market internal that is really corroborating today’s action. The TRIN is bullish, and the VIX is pretty bearish (up about 3%).

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This is gonna be an interesting day, so be sure to check back this evening for your Post Market Analysis. Thanks for being a part of Swing-High.com. Always trade with a stop loss and manage your risk appropriately.

Happy Trading,

Jason

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Categories: Halftime Report, Uncategorized
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