themarketzone
Short

Inside the PRZ but still above 200 SMA line

AMEX:SPY   SPDR S&P 500 ETF
$SPY officially erased all of Augusts losses.
It gapped up above 207$, the completion of the bearish Gartley I mentioned in my weekly markets analysis
FOMC is next week and finally there's a reason to be bearish again. I've been bullish for too long :)
A close below 206$, below the 200 SMA line, will be a great signal for next week's trading week

Potential target - back to 200$

Tomer, The MarketZone
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