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SPY 207.60's and SPXEW 3184/3185 = key inflection level

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rimshot   Wednesday, 10/28/15 10:42:00 AM
Re: rimshot post# 11
Post # of 58 
SPY 207.60's and SPXEW 3184/3185 = key inflection level

SPXEW daily - closed once above this level during October at 3193.11 ...
this high close is the next potential upside target

buyers need to defend SPY 207.60's on pullbacks going forward

SPXEW 2-hour chart -

* no price bar closes below the 50sma since last week ...
see the 50,2 Bollinger Band in the upper chart element

* above the 50,2 upper Bollinger Band for consecutive price bars will represent a signature for continued upward direction ... there is significant upside room for 50,2 Bollinger Band expansion of the Band width





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