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Re: None

Thursday, 08/28/2014 10:49:10 AM

Thursday, August 28, 2014 10:49:10 AM

Post# of 17387
SPY 60 BY ART HILL
No change. SPY is up around 5% since August 7th.
This is a very steep advance and the ETF seems short-term overbought, but selling pressure remains subdued.
I am going to leave key support at 194 because I see now other place to put it for now.
A Raff Regression Channel extending up from the 7-Aug low and a small buffer can be used to mark a tighter support level at 198.50.

My comment
First weakness
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