Morning thoughts for November 15, 2010

smbcapitalJoe P's blogLeave a Comment

Good morning traders. SPY trading slightly up indicates we will open about .3% higher. Over the past few sessions the market has pulled in to its rising trendline. As of now the pullback is constructive in nature. Even if this were a medium term top in the market expect the bulls to put up a big fight. Trading over 121 and holding should lead to  at least 122.15

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122.15

121

119.65

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