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Counter Trend Sellers are Waiting to Pounce

July 10, 2018 by Don Roth

SPY is popping higher right up in to resistance (see chart). It looks like they will take it up and let the games begin.

S&P500 Index ETF (SPY) daily

(click chart to enlarge)

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The rest of the week will be very interesting as price gets up in to resistance where the sellers and short sellers live. This price zone is 280-281.

HOLD.

On another note we are expecting a granddaughter to be born later today. Exciting week!

Trade Smart,

Don

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Don Roth

Don Roth, Smart Chart Investor

Recent Market Updates

  • Blow Off Top?
  • Major Announcement!
  • Trade Alert (BE)
  • Important Notice
  • Weekly Market Commentary and Pre Announcement

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