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Wednesday, April 18, 2012

SPY 60 min

The SPY 60 min chart was pretty interesting today.  Take a peak at how the closes of all the bars were relatively close together.  The candlesticks have tails in both directions.  We clearly have support and resistance pretty close together.  The break out of this pattern should be a good move.  The news has been driving the market lately, so that may determine which way this ends up breaking.


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