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SPX hit, or near enough to qualify, the weekly lower bollinger band at the low on Friday, and that fulfills that target which was triggered by the break of the weekly middle BB at the close last Friday. This level is decent support and it’s possible that a significant swing low has…
Ryan Mallory is the co-founder of SharePlanner Inc, a financial website devoted to Day-Trading, Swing-Trading (both long & short) and exchange-traded funds. Ryan makes a strong emphasis on risk mitigation strategies, trading transparency, and trader education – not to mention a great set of stock screens as well.
Be Sure to Check out Ryan’s Site at Shareplanner.com
2012-11-19 14:50:14