SPY Neutral June 4, 2013

SPY_JUNE_4_2013

The trend looks to me to be Neutral to Bearish even with a green day today. We didn’t close above the newly formed trend line. Oscillators still support the bullish move and the next EMA we will encounter is the 50. I’ve set my bracketed entry as can be seen. Volume was relatively strong, supporting the neutral case.

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