Friday, October 28, 2011

Market Update

For expediency I'm covering the short-mid term charts for today with a complete update of the SPY..

First as to the immediate price action and then I'll bring you the rest...
The 1 min chart of SPY as to the current price move. Yesterday's action that I said seemed like a set up is in the small red box, which 3C was negative in to. Currently price is a bit higher then the morning lows with 3C lower. I don't expect this current intraday bounce to produce much.

The bigger update is next.

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