July 29, 09 : Stock Trading Technical Analysis
FreeTradingVideos.com Stocks fell again today. China's banks might be ready to stop lending to slow market advancements, which could reflect on the ...
FreeTradingVideos.com Stocks fell again today. China’s banks might be ready to stop lending to slow market advancements, which could reflect on the global economic recovery.
The bearish raising wedge formation has been in place for months now and all the early shorts already got their does of reality. Because even if the SPY tags along the top trend line of the raising wedge (resistance) it is still going up with the positive slope.
Just like a falling wedge providing the support. Well not really a support if the slope is negative.