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| SPY Daily Chart (end of day) |
Monday was an inside day. That suggests the prevailing trend should continue. IBD declared market is in confirmed uptrend after calling Friday a follow through day. I'm sure we could argue some of these "facts" since last week had a holiday and a shortened trading day. More importantly, I want to point out the rectangle on the stochastics chart showing we are still on a buy signal and the SPY closed with tall green bars on the 1,2,3, 5, 10, 15, 30 and hourly charts.
