$SPY intraday high at 142.16 My guess of 142.20 w
Post# of 474
Posted On: 12/05/2012 1:54:59 PM
$SPY intraday high at 142.16
My guess of 142.20 was pretty close, the intraday high printed just a fraction lower. It is has pulled back into the 200 MA and is just bouncing around it at the moment.
I'm going to watch for more consolidation and then a move back below the 200 DMA levels as I think the intraday short covering rally has lost it's steam.
[IMG]http://i.imgur.com/yZpwp.png[/IMG]
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