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Tuesday, August 17, 2010

SPY TEMA Chart



-SPY is currently at 109.01. First resistance level is 109, second resistance level is 110.0. After sharp declines early last week, SPY has shown little movement up or down.

-All indicators are still showing that risk is to the downside. Estimated Future Volatility Indicator is at 24.5, still above it's moving average but lower than the previous day's value. Implied Volatility on at-the-money options for SPY is at 24.

-Still bearish, neutral vol.

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