Ugly tape that just keeps grinding higher. Amazing that we just can't seem to get any sort of wash-out correction. Oh well, we get what we get, and with the dollar getting a drubbing equities prices benefit:
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A noise filled day, but prices just trended up the 20-EMA (15-min chart).
My Resistance envelope instead acted as Support (Red horizontal line) in today's SPY. Every higher low was bought:
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Well, as much as it looks like there's A LOT of supply at $77 on RIMM, it doesn't go very far before demand is picked up. The red horizontal line is the
daily pivot resistance. Watching RIMM for a break out. But will certainly react to a break down ;)
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