Tuesday, March 27, 2007

ETF update for Wednesday March 28

On the index ETF's, price is being pinched between moving average support and the downtrend line that I have put on the chart. I would go long above the trend line and short on a breakdown under moving average support. The 60 min. charts look a little shaky, but the 240 min. charts still hold good support areas.

Still long GLD from 65.74, price is still above moving average support.


Still long SPY from 143.52, price has come down a little, still o.k. until price goes below 141.60.


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