Tuesday, December 9, 2008

important levels - Dec. 10

----------SPY----------
support
  1. 88ish - gap fill + possibly meeting rising 5dma
  2. 87ish - the line of breakout from inverse h&s
resistance
  1. 90 - prior support becomes resistance
  2. 92 - 92.38 - last two day's high + declining 50dma
  3. 95ish
----------QQQQ----------

support
  1. 29.5 - 29.6 - gap up support
  2. 29ish - gap fill + rising 5dma
  3. 28.3 to 28.5 - neckline of inv. h&s + 20dma
resistance
  1. 30.8 - prior high
  2. 31 - declining 50dma
----------XLF----------

support
  1. 12.8 - 13 - gap fill + round # + prior support + rising 5 dma
  2. 12.3 to 12.5 - neckline inv. h&s + rising 10dma
resistance
  1. 13.75 level - prior high
  2. 14 level - declining 50dma