SPDR S&P 500 (SPY): SPY needs to break the HOD from yesterda...

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Friday, 03/27/2015 11:50:35 AM

Friday, March 27, 2015 11:50:35 AM

SPY needs to break the HOD from yesterday for me to be confident that this is a true pivot. This looks and feels like a reversal pivot, but it has not been confirmed, and there has not been a big play to the upside yet. To me, this indicates a lot of resistance by the market at this point of time.

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