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SPDR S&P 500 ETF Message Board

  • artchiu_2000 artchiu_2000 Feb 13, 2012 1:22 PM Flag

    any signs of correction

    have been out of the market for over 1 week as i am afraid of greece, even though the greece parliament approved the measures, that does not mean eu and imf will release the funds, as greece failed to keep up the promises.

    s&p is forming a rising wedge in an uptrend, at the same time, it's been trading nicely along the 13 ema

    i wonder whether this rising wedge will fail or will it materialize as the markets have been up > 20% since Oct/2011

    any expert comments please...I am debating whether to slowly adding short positions or going long...

215.31-0.26(-0.12%)12:17 PMEDT