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FXPhantom
May 14, 2014 1:55 PM

Go short SPY idea Short

SPDR S&P 500 ETF TRUSTArca

Description

Yesterday we had a very narrow range. The lower open today breaks the trendline and if sell off continue, we might get evening star pattern on the daily chart. Obvious divergence also visible on momentum indicator which supports this idea. Initial target at support around 189, but looking forward to get to 188.
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