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inthemoneystock (< 20)

Intra-day SPY Resistance Level

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April 07, 2011 – Comments (1)

The highly popular SPDR S&P 500 Trust(NYSE:SPY) is grinding higher throughout most of the afternoon trading session. Traders must watch the $133.55 area as the next important Intra-day resistance level.



Nicholas Santiago
InTheMoneyStocks.com

1 Comments – Post Your Own

#1) On April 07, 2011 at 4:07 PM, davejh23 (< 20) wrote:

The market is set to pull back here.  Trust me.  If I had gone with my gut and shorted SPY today, the market would have continued to grind higher...at least short term.  Instead, I did nothing...which almost guarantees that the market will pull back.  That's all you need to know.

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