AssetDesign

SPY Weakness - Just not seeing it yet

Long
AMEX:SPY   SPDR S&P 500 ETF TRUST
The market's resiliance today really didn't surprise me as I am expecting a test of the high through this or next week. Price continues to find support at the 40 day moving average. At this moment, no reason to expect that to change. It would likely take some major piece of news to disrupt the strong uptrends that exist on so many averages.

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