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I bought the SPY about 30min ago but I am keeping a tight stop loss on the trade. I am anticipating the UUP losing its lower blue channel line over the next hour or two. If it does drop out of this ascension channel, a powerful market rally could take off quickly and probably move to fast to get a fill. If the UUP doesn't drop through lower blue channel line, I will exit the trade quickly if my stop loss is not triggered. Right now we are sitting right on it.
Alan
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