SMP99

SPY Thu 9-25 Approaching Support

AMEX:SPY   SPDR S&P 500 ETF
spy
152 0 4
spy
9-25-14: A touch of the trend line seems well within reason given today's move. 195.75 area should provide support and also matches up nicely with the bottom channel. A move here very soon seems likely. IF we see any strength this afternoon might be a good opportunity to position for the move to 195.75. Once there, a bounce of some kind should occur.
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