Big Picture Look at the S&P
http://www.tigersharktrading.com/articles/5073/1/Big-Picture-Look-at-the-SP/Page1.html
By Mike Paulenoff
Published on 08/8/2006
Less than two hours prior to the FOMC announcement, here is the big picture for the S&P.
Big Picture Look at the S&P
Less than two hours prior to the FOMC announcement, here is the big picture of the SPY’s, which shows the June-August rally peaks at 129.43 – a very important resistance plateau, which if hurdled and sustained will argue for upside continuation towards a test of the May high at 132.80.
Mike Paulenoff is a 26-year veteran of the financial markets and author of MPTrader.com, a real-time diary of his technical chart analysis and trading alerts on all major markets. For more of Mike Paulenoff, sign up for a free 15-Day trial to his MPTrader Diary by clicking here.