iv_trader
Long

Possible Bounce Scenario for SPY

AMEX:SPY   SPDR S&P 500
70 0 0
Stochastic indicator is oversold and crossed positive, but is curling back down slightly. RSI and MACD still pointing down. Gap to fill at around 203.71 coinciding with the intermediate-term downtrend line, if SPY             makes it that far. Short term long only within a short/bearish medium term outlook.
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