Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Friday, September 13, 2013

SPY Sideways At Resistance

Stock Market Technical Analysis Blog

click on image to enlarge

In the market today, we had another sideways day at the S&P 1688 resistance level I focused on earlier in the week.  Looking at the SMV Model Portfolio trades chart in the upper right corner we see that the SPY is up two percent from last Friday's red/green line layup signal in that chart.  Monday may be another sideways day if they do as much propping as they did today.  Then Tuesday is the big taper or no taper Bernanke speech.  Next week will be an interesting week.

Trade well my friends


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