fallingumbrellaman

Super $SPY going high

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AMEX:SPY   SPDR S&P 500 ETF TRUST
Clear buy point here based on Friday's action. We defended our lower trend line after looking like we might break down and also got back above the 200 EMA with authority!! Appears to me that this is a no brainer buy signal and confirmation that we should be focusing on buying calls (if you're into that sort of thing) as opposed to puts. As always, cut then losses!

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