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Monday, July 30, 2012

$SPY: Markets preparing the downfall?

In this hour chart, we can watch how prices are pushing, again, to the neckline of the HS(indicated in last post) but with an,very, overbought condition in the MACD and starting to loose momentum. Markets, as always, need to confuse the participants, before a major move and we think this is the case.

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