MAgicTrx

SPY is it finally a high?

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BATS:SPY   SPDR S&P 500 ETF TRUST
The 10 day MA of lows contains 13 days. This ratio is itself not that impressive. But the fact that it is now a zero slope MA does make me sit up and take notice. The pivot would be about 508. Will this market need more time to form a proper right shoulder or just plunge through? We shall see.
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