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Friday, August 28, 2015 5:36:53 PM
SPY verses SPx 30 min charts: The SPY price ended at the upper tine of the down channel which is a critical point to overcome. We could possibly have another drop below the recent low and as those few indices made lower lows than the last OCT. lows we do have a Happy family low in place now. Notice the SPX chart positioned the same with the lower tine at the low just like SPY still has more room before price hits the upper down fork tine.
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