“Today we are analyzing the SPDR S&P 500 (NYSEMKT: SPY) as the most liquid of all ETFs covering the broad market. The markets have digested regional Fed data, housing data, and a strong consumer confidence reading. Volume also still feels a bit low and the charts seem to be the guiding force as markets try to adjust from watching each number to watching out how easing measures will continue to play into the markets into 2013. And that Fiscal Cliff issue remains… tick, tock.
For Tuesday’s chart analysis, Phil Erlanger said…”
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