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Spamwich
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Specialty: Technical Analysis Name: Michael Payne, CEO of No Payne Roofing Inc. Objective: To share results of technical indications Experience: Relentless market participation since November 2011
My company:
No Payne Roofing Inc
  • $SPY : Bullish Structure Holds , TGT 186 By Weekend 0 comments
    Feb 25, 2014 4:10 PM

    The sell off happened to occur after the smaller price structure broke down, breaking immediate bullish expectations while testing the lower TL on the 15 min chart, as long as this TL holds, I expect price to reach the 1860's by weeks end, and potentially into next week. Otherwise, I will be expecting a close in the 1825-1830 for the month. Further bolstering my bullish expectations is the RSI, note it is in a reversal range right on the TL, so things are stacking up in favor of higher prices (click to enlarge)Lower TL holds into the close

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