christopherbrecher
Short

Island reversal in the SPY, but oversold.

AMEX:SPY   SPDR S&P 500
153 1 0
Island reversal in the SPY             , but oversold short term. Wait for a "kiss" of the 49 M.A. for a lower risk short entry.
oversold...how many times did bears say the market was overbought and it ground up to new highs....don't think it can't happen in reverse
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