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A Strong Day For Markets After SPY Prints Doji Bar

Published 06/11/2015, 05:03 AM
Updated 07/09/2023, 06:31 AM

“Happy are those who dream dreams and are ready to pay the price to make them come true.” Leon J. Suenes

A strong day for markets who had a gap and go day after SPDR S&P 500 (ARCA:SPY) printed a Doji bar Tuesday.

The running stopped a few hours into the day as SPY hit a pivot area at 211 and that was about all she wrote.

All in all, the action was good and it looks like this small correction may have run its course so now my job is identifying the stocks who’ve held up best and who are set to breakout higher over the next few days or longer.

I did start into one stock today and I’m looking at more so I’ll see how that goes over the next few days.

SPY Daily Chart

SPY is bouncing well off the Doji I mentioned here yesterday and now it’s at the 211 pivot level.

I’d like to another day or two at this area before we move higher.

I'm outta the office and off to pick some fiddle-heads.

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