A little weakness

Monday, October 4, 2010

A little weakness

Our SPY 30 minute chart is starting to show some weakness but our higher timeframes are still on a buy. As mentioned in our earlier post, keep an eye on SPY 113.50 as the level to break before a short term trend change develops. For the aggressive traders, sell short SPY here (114.25) with a stop above 114.65.

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Rampage Trading - Wall Street's Best Kept Secret

Monday, October 4, 2010