SPY ETF 1/27/12 mid day

POSTED BY Swing Trader on Jan 27 under Uncategorized

We keep making lower lows on SPY ETF 5 minute intra-day chart. Looks like we may test the last low around $130.

The three moving average are all now downward pointing and in the right order. The slower (200) is first with the second being the 50 and the fastest (20).

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