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The objective is to look at the data on a more granular basis to look paniolo trading honolulu cyclic patterns etc, but not get involved in day trading. At that point, notice the price action is still holding above a rising 200-period MA, though a break below 195 in the SPY would put the chart in short-term trouble and potentially lead to a pullback to the 193 area: rickcharts2014140714SPY.
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