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| SPY Daily Chart (11:35AM) |
Better housing numbers couldn't do anything for the market. News of made up numbers from China and bickering in Europe have the markets headed lower. The Supremes dealt the President a blow with their immigration decision and failed to announce anything on Obamacare so there really is nothing to hold the market up.
SPY is back in the box and looks to be headed for a test of the 200 day and maybe even the bottom of the box. If it gets down there it would be a lower "relative low" as it would take it below the lower Bollinger band.
