Thursday, June 10, 2010

06.10.10 - Groundhog Day

Large opening move on terrific internals followed by slow deterioration featuring lower highs and lows in price. Sound familiar?! A possible difference is our relative location to the important five-day moving average, which we have now broken above. Perhaps it will provide support for a different p.m. session trade this go (let's call potential support between SPY $107.35-.65) -- but, hey, Bear Market Rules!

Never Investment Advice

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