Tuesday, March 8, 2011

SPY remains in long Exit signal mode 3/8/11

SPY was up today and did not hit or penetrate the sell stop level of $130.74. Therefore no short side trade or signal took effect and the chart remains as before with an exit signal on the long trade...
The market continues to show a resilience to falling and time alone will show its cards. Long exit signal remains in effect.

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