Monday, December 8, 2008

Important Levels

------QQQQ------
Support
- @ 29.65
- @ 29.35 ~ 29.40
- fill gap or coincide with rising 5dma @ 29


Resistance:
- declining 50dma @31.1 to 31.17
- then Nov. 10 high @32
- most optimistic - by inverse h&s @ 33.50

------XLF-------
Support
-Dec. 8 low @13.20
-Prior resistance @ 13.00
-gap up support @ 12.77

Resistance
- declining 50dma @ 14 - 14.30
- Nov. 10 high @ 14.50
- Next high or height of h&s 16.50


------SPY------
Support
- Dec. 8 low @ 90
- gap fill @ 88.50

Resistance
- declining 50dma @ 93.00
- Nov. 10 high @ 95
- 100 level