Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

SPX HOURLY UPTREND STILL INTACT

|Includes: SPDR S&P 500 Trust ETF (SPY)

In previous posts I have discussed the uptrend and the divergences that were occurring on the hourly charts. I think this market will decide its direction very soon. The uptrend is still holding. 1131 is first resistance and 1150 after that.

The long term buy is on since July 21, 2009. It is currently up 18%.

Click on hourly chart to enlarge