APosner
Long

$SPY up up and away

AMEX:SPY   SPDR S&P 500 ETF
SPY             moved higher and has moved significantly away from its training LSMA. The danger is that the further price moves from the LSMA the more likely a short term reversal. Price has also formed a shadow which means there are sellers. With that said any reversal looks short term in nature and may be an opportunity to buy more. We will have to see if a selloff gives us the setup that would attract buyers.
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