Spamwich's  Instablog

Spamwich
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Specialty: Technical Analysis My early years were not so rich, I had a poor family, at age 12 I landed my first job as dishwasher for $6/hr, by 14 years old my mother suggested to cut grass around our town for extra money, so with what little money I had, I put into some fliers and a lawnmower.... More
  • $SPY Watching For Buying Opportunity 0 comments
    Mar 24, 2014 9:14 PM

    I have a spotted a descending channel, currently my signals are on the sell side of things, bottom of the channel is at 1810, however I will be looking for the 1825-1845 support zone to hold to bolster the longer term outlook, ideally I would like to see a close for the month above the 1860-1870 region to hold the medium term bullish perspective, this may prove to be a price range that could prove to be support in the long term perspective...

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