damoonmotamedi
Long

SPY - Profit Taking!

AMEX:SPY   SPDR S&P 500 ETF
87 6 0
Market is trapped in a triangle! it may break either way. Low volume in recent days favors the upside.
$204 level on SPY             is proven resistance (unless proven otherwise)!

Related Ideas

Trance-Man
6 months ago
GOING TO test SPY 181 and lower.
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damoonmotamedi Trance-Man
6 months ago
No one can roll that out!
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Trance-Man damoonmotamedi
6 months ago
It's been WAY TO orderly for too long with all the globe on the brink of testing things never tested before, and my opinion is that thus far it's not working, scarry. The last SPY push higher on Slow STO did not even get to 80 on daily SPY. Just a hunch but we could do a fast dump to test support on markets. QQQ doing terrible, and whats with APPL crashing worse than the flash crash and AMZN making new ATH. Doh. Also SPY STO is diverging. Chart on consumer staples looks freaky. http://schrts.co/Tj2C8X
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damoonmotamedi Trance-Man
6 months ago
As long as Central Banks are supporting multiple expansions (QE, Easy money and etc.), Market crash is unlikely. We may even see new all time highs next week if they want it to happen!
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damoonmotamedi Trance-Man
6 months ago
Trance-Man, This is how they do it!
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Trance-Man damoonmotamedi
6 months ago
http://schrts.co/n2i3lh Going red, yep, I see. Virus-ish to downside.
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