CosmicDust

SPY weekly - positive development - 3/14/2016

AMEX:SPY   SPDR S&P 500
spy
SPY             was able to close above 40 week MA which is impressive. If this is indeed a "bear market counter trend rally", a pullback should be right around the corner. Given the the direction of 40 week MA, current risk/award is not favorable. So I will continue to be cautious and will not chase the market at this point.
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