And now the SPY has recaptured its five-day moving average on very impressive internals. I see $107 as next natural resistance above [also a potential magnet]. Also take a look at the bond complex, which did NOT levitate on the Bernanke statements — quite the opposite with yesterday looking like a potential confirmed reversal on that higher high and low on TLT.

Related posts:

  1. A VWAP Reversal
  2. 02.27.08 – Rate Cut Rescue
  3. 04.22.10 – Twenty Day Holds Again
  4. 12.20.07 – Can’t Catch a Bid
  5. 07.30.08 – Another Shooting Star? – No!