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Critical Level for the S&P

We are gearing up for a major move ladies and gentleman. Look at the chart below. The major triangle that SPY has been playing with for a while is now nearing it's conclusion. Direction is really unclear at this point. The majority of the economic data, in my opinion, has been better than expected over the last few weeks but the "no real plan" Geithner's plan is making everyone worried about banks...

SPY%20finviz.png

chart is from finviz.com

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