CosmicDust

SPY study - 10/10/2014

AMEX:SPY   SPDR S&P 500 ETF TRUST
spy
Studied 2007 topping pattern and its similarity to today's market. If using that as a guide, a rebound to complete right shoulder is due - this may be coincident with 200 DMA support area. Note if ever the rebound, it should be weak and should be used as a chance to liquidate.
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