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Where goes the S&P 500 Index (NYSE:$SPX) so goes the S&P 500 SPDRs (NYSE:SPY)
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Posted on 02/04/10 at 8:21am by Sleibhin
On the 2nd of February the S&P 500 Index (NYSE:$SPX) failed to remain above 1103.36 , a Fibonacci sub level from the rise 666.79 - 1150.45 . Today, February 3, 2010 it had, by my rules, to test the level 1095.31 which it did with the Low of 1093.97. The Close @ 1097.28 left the Index below a sub level F0.382 [ 1098.39 ] and F0.618 [ 1100.28 ].
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