Ape
Short

Watch SPY as it nears resistance

BATS:SPY   SPDR S&P 500 ETF TRUST
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Spy has rallied these pass two days. It is now nearing its' previous high. The internals at the moment are telling me that it will make a double top here. The Stoch is way overbought, ROC has already begun to negatively diverge, and the MACD is overextended. Also, it is important to note that the volume on the 1 hour on this bull run has been getting smaller as we near the resistance.

*To get intraday entry and exit alerts on the SPY and other popular tickers, please visit my blog:
http://junglestocks.wordpress.com/

Comments

resistance huh looks like you are right again too bad you were short
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