UPDATE: Taking a Quick Look at the SP500

Written by MrStockFox. Posted in Trade Ideas

Yesterday the SPY came within a dollar of my 204 target area and quickly retraced.  The 204 area is significant resistance.  I now believe that we will break the short term uptrendline to possibly retest the lows of August.  We will see when we get to that area, but I think we will break the lows and head to 165 - 174 on the SPY.

You can find my original post here.

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