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Market Tracker, 6-7

|Includes: SPDR S&P 500 Trust ETF (SPY)

      Today showed me what is the range of this base really is. It seems that SPY is running up and down between long-term support at 1050 and resist around 1100 where the 200-day EMA and the 13-day EMA  are currently lying flat. We are currently very close to the bottom of that range. This is probably a low-risk entry point. However, if the market continues to not trend and just bumble around in this range, I will get stopped out and lose more money. I'm waiting for the breakout above 1100 to buy.

Disclosure: none