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Wednesday, August 11, 2010

SPY TEMA Daily Chart

- What a difference a day makes! SPY intraday now below 2nd support level of 110.0, threatening to break below on daily chart basis. Next support level is 109.0 but it is minor. Next major significant support level is 105.0
-Estimated Future Volatility now above moving average and looking to breakupwards from downtrend.
-Technical Outlook. Bearish, long vol.
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