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  • SPY giving a little back

SPY giving a little back

randholm
May 14, 2014 10:07 am / Published in QQQ, SPY

SPY giving a little back

 

SPY traded to the high pushing other indices. The price action during the last 2 days is quite positive and its normal we trade to the red line in the chart to gain momentum.

It will be negative to stay and trade inside of the triangle again.

QQQ

If the nasdaq does not trade over the red line will signal more strength than expected

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