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S&P Teasing its Support Level

The S&P has been traversing sideways for a month or so now … which just happens to coincide with the OVI being negative during the same time period.  

Coincidence?  Come off it!  

SPY 

 

Bear flags are setting up with AAP and BAC, while GS broke down today only to form a Doji, which as you know, could turn on its heals as a reversal bar.  That said, GS is in a broader based head and shoulders pattern right now – see if you can spot it!  

GS

 

AAPL 

 

BAC

 

Right now is not the time to second guess the market.  It’s at a critical juncture, so allow it to show the way, as it’s on a knife-edge as we speak.  

All the best

Guy  

PS. If you’re interested in any of our OVI trading services for stocks or options such as a fast-track mentorship or workshop event, book yourself an appointment here to speak with us. Many of our members aren’t aware of all the services we offer to help you become a more ‘informed’ and confident trader with the OVI. Remember, everyone is an individual, and we ensure that we can cater to you and your particular needs.

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