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Wednesday, September 8, 2010

09/08/2010 After Bell Quick Summary

The bottom line the short-term trend is up and I hold partial long position overnight simply because the mini setup target not met, not because it’s safe to hold overnight.

I don’t see any tricks today. Although I believe we’ll see a pullback of some kind pretty soon, but the chart pattern looks either a small Bull Flag or Head and Shoulders Bottom is in the forming so there might be some more push up ahead.

SPY15min

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