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Short

SPX - Still a short candidate

TVC:SPX   The Standard&Poor's Index
spx
109 0 3
spx
Although we had a huge UP day today, volume wasn't as robust. Although the trend is still higher, I wouldn't doubt that the institutions are cashing out. Given the last 3 days of bars ( spinning top , hangman, spinning top ), which usually show a trend reversal, today may have been the retail investors jumping in so they won't miss out.
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