yongmoon

To Short or to Long

AMEX:SPY   SPDR S&P 500
SPY             finally approaching area of resistance, hope to see rejection to short. Been waiting so long
And if it breaks 211 area, have to wait for confirmation that it stays above that so don't long immediately.

Let me know any ideas.
Comment: Got nice rejection and will likely continue a downward trend for a while.
Next area to look out for is the 202
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