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SPY(3h) - Summer of 2012

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BATS:SPY   SPDR S&P 500 ETF TRUST
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Overbought RSI on the 3h chart seems to have done well calling market tops this year. And we seem poised for a move, given the German vote and the big FOMC announcement coming up on Wednesday. I'm inclined be short here, unless the Fed comes up with a bazooka QE3, RSI might be right one more time.

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