Monday, January 10, 2011

Spy


A. We had a new spike high on the CCI, which looks like an exhaustive style spike. We did make a nominal new high.
B. A new spike low towards 181 on the CCI tends to mark a new trend for the short term a low target of $118 should be expected.
C. Gap support around $126
I am looking to short the SPY today on early morning strength.

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