Successful Retracement? Let’s See If It Holds

June 16th, 2009

Interesting movements again this morning. Let’s hope that Monday’s move wasn’t the only REAL move this week. But, the quick rally we saw could be the successful retracement I mentioned earlier this morning. As usual, technical analysis provided us a great target for us to use in our trading today. Here is what things look like right now…

 

spx15

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