positionforex

$SPY - It's Do or Die for the Bears 08-19-2014

AMEX:SPY   SPDR S&P 500 ETF TRUST
With a hanging man candlestick pattern failing to develop and SPY once again overbought its do or die for the market bears. Price is now in the vicinity of prior resistance and in position to rally to the uptrending upper parallel of this pitchfork. I need to see one more big push and I will most likely be getting long on SPY

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