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jamison.gaddy
Jun 16, 2016 10:09 PM

[correction] as strong hands reduce expsosure! 

SPDR S&P 500 ETF TRUSTArca

Description

SPY saw its largest outflow of capital in that last month or so.
Comments
Trance-Man
Hmm ok I get it now, thank you. Any changed thoughts as of today after yesterdays moves and this AM moves on SPY etc?
Trance-Man
You are losing me here from this and the post before it.
jamison.gaddy
It appeared before the data updated that longs were confident and continued to invest capital at this level. You could see how the markets reacted to $1.5 billion money flow at lows. I was implying how high will we go if starting here. The [update] showed $500 million leaving off of the 1st bounce of support. This is indecisive as "strong hands" reduce "a position" by 33%. Suggest we may see a deeper pullback or maybe just decreasing risk into OPEX.
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