Internals look good on this nice little trend day, but of course we’ll want to watch this key level closely (see magenta dashed line). [Add:] Oh, next key resistance will be approx. SPY $133.50 (correction, I meant $134.50 if that wasn’t self evident, apologies).

Related posts:

  1. 09.22.10 – Testing the Five Day Moving Average
  2. 04.21.10 – Five-Day Moving Average Recovery
  3. 04.19.10 – Support Above the 20-Day Moving Average
  4. 07.27.10 – Sitting on the 200-Day Moving Average
  5. 06.09.10 – Five-Day Moving Average Target