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Steven7960

SPY: Buyers come in again after a low volume day

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SPDR S&P 500 ETF TRUST (AMEX:SPY)  
Steven7960  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns Technical Indicators priceactionanalysis volumepriceanalysis SPDR S&P 500 ETF (SPY) spylong spyoptions
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Today's bar was a bullish bar and went above the high of yesterday's
low volume bar. April 27 and April 28 were low volume days
as well.

When price continues to put in new highs despite
these low volume days it is a good indication price is headed higher.
4250 and 4300 are the next targets for the S&P.

I do not advocate buying into the highs so entering on pullbacks
waiting for a price action entry is best.

We'll see what tomorrow's bar brings.
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