CosmicDust

SPY study - 10/10/2014

AMEX:SPY   SPDR S&P 500 ETF TRUST
spy
Studied 2007 topping pattern and its similarity to today's market. If using that as a guide, a rebound to complete right shoulder is due - this may be coincident with 200 DMA support area. Note if ever the rebound, it should be weak and should be used as a chance to liquidate.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.