Daily Archives: June 16, 2011
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9:45 AM — The SPY looks like it may be in the process of forming an inverted head and shoulders on the two day to put a bottom into yesterday’s selling pressure. There is also an over-sold indicator that I look at which might indicate that a good short-term buy position might be coming into the mix. But there is still a ways to go on that indicator. This is a warm up to the position. Click to enlarge. Continue reading