TTHQ

SPY forming reversal Pattern

AMEX:SPY   SPDR S&P 500 ETF
119 0 3
Watch SPY             to break the neckline of a head and shoulders pattern. If SPY             closes below this line then look for shorting opportunities. SPY             could fall to 200 EMA before recovering. This will take many other stocks down too so look to be neutral in any position or shore up your stop loss orders.

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