For Monday’s chart analysis, Phil Erlanger said, “Friday SPY remained between pivot and resistance. The good news is the gains of Thursday held. Today we are testing support at $144.01. If we hold, then we would move to a long bias for today. If we fail, then get aggressive on the short side and use trigger indicators to lock in profits.”
The Erlanger Value Lines can be accessed via Erlanger Chart Room. The daily service gives investors and traders access to critical buy/sell levels on the S&P 500, NASDAQ, DJIA, Oil Services Index, gold & silver, any index or equity, as well as analyzing short-squeeze opportunities and more. For more information we direct you to sign up here.
If you did not watch our prior video, here is the link for your review.
September 10, 2012
Contact [email protected] for any questions or corrections.
Top Gaining Stocks
Top Losing Stocks