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Testing Critical Resistance Here: My Three Observations

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March 14, 2016 – Comments (0) | RELATED TICKERS: SPY , SH , SSO

This rally has come out of nowhere, and it is doing it completely overbought prior to today.

The run-up into two key resistance points that conjoined at one specific price point, creates the potential for the market to fail here and not have anything left in the tank that would allow for it to break through. 

See for yourself:

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