Midcap 400 Update

  • June 27, 2002
  • Derrick Hobbs

Well, we held
the key price support zone we mentioned in Tuesday’s column for the Midcap SPDRS

(
MDY |
Quote |
Chart |
News |
PowerRating). Now, for this uptrend to resume, MDY will need to clear price resistance
from 90.70-93.35. Clearing this zone gives me the signal to continue with long
trades, while not clearing this same zone alerts me to the potential of MDY
continuing this downtrend since April 17.

Derrik

 

 

 

 

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