Daniel_Urdaneta

SPY hits 76.4 Fibo retracement - Pullback looming?

AMEX:SPY   SPDR S&P 500 ETF TRUST
Impressive rally off the 200d MA breakout last week. My gut feeling says we should pull back a little from here. Don't focus on headlines and news not related to monetary policy - only price pays! And be aware of the relentless bull stopping out increasingly weaker bears.

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