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natev223
Dec 30, 2012 3:41 AM

SPY Downside Risk 

SPDR S&P 500 ETF TRUSTArca

Description

If we see a fiscal cliff disaster come Monday, it is important to be prepared and know your levels. As we can see on this chart, the top end of the broadening formation has been tested, an the apex served as resistance on Friday. Hopefully Washington doesn't completely throw us under the bus, but if they do, make sure you are prepared.
Comments
SeaLionLLC
I agree. Interestingly there is no deal tonight yet the futures are positive. Curious to see how important the 1400 level is.
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