Therustyb

appears to have rejected .382

AMEX:SPY   SPDR S&P 500 ETF TRUST
Waiting for confirmation of rejection on monday. If it breaks above upside price target is 278.43 if stays below first downside target is 246.48 followed by previous lows in the 217 area. I'm all cash until i get some more definitive price action. keep stops tight this could really go either way. I can't see there being any sustained recovery until the good news police come back to town, but i could be wrong. Analysis is for educational purposes only.
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