Friday, March 4, 2011

SPY continue to accumulate for a correction

It looks like Monday if anything, my first target is $132.35, then $132.75. As of now, I don't see it going much higher based on what is observable at this point. Should we sell off hard into the close and break below $131.80, this may all be a moot point as follow through downside would have a higher probability.

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