Market Technical View is a blog that mostly concerns the technical analysis of different financial instruments like indices, commodities, stocks, ETFs and currencies.

All the posts are structured in 3 main chapters that can be found in Content, in the upper right-hand corner of the blog.

Market perspective. The technical approach consists of chart patterns and important support/resistance zones. The purpose of this section is to give directions of the price on short and medium term (a few days up to a few months).

Trading setups. The analysis posted here will provide trading scenarios based on different technical tools.

Romanian Market. This is a section dedicated to Romanian stocks and indices.

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Tuesday, November 15, 2011

SPY setup

SPY is also close to solving the pattern.I would consider a valid breakout above 127 and a valid breakdown under 123.I admit it is a large distance between 127 and 123, at least for day traders.But in this case i think waiting for the breakout to validate will payoff .

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