SMP99

SPY Thu 10-14

Long
AMEX:SPY   SPDR S&P 500 ETF TRUST
spy
Down trend line for the past week may break to the upside today after two failures late yesterday and early this morning. With oversold daily and hourly readings, definitely not a place to be pushing shorts IMO. Levels of interest to me are marked. If the trend breaks up, a big snap back rally to 188-189 by EOD tomorrow would not be surprising.

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