AI
Monday, July 08, 2013 1:19:07 PM
SPY imho there are two critical points: first is the trendline through the high closes, which we broke intraday (which doesnt count) and have retraced under currently, and second is the high at 165.12 from which we saw a high volume weekly reversal. By one very good system, the trend remains down until that high is breached on more than short term noise.
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