jakelikesstocks

SPY Searching for Support

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
AMEX:SPY

After several days of a massive sell off, the pain looks like it could continue further. The Laguerre RSI shows favor of the bears and we are currently pinched between two of my favorite moving averages to watch. We have a larger trading range opening up and could see price retest higher before continue it's downward momentum.

Be careful in this market!
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Comments

GREAT CHART,THANKS
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@srr6000, No problem :) Good luck!
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