Monday, April 23, 2012

S&P 500 Heading Lower

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Below are 2 SPY charts, a Bear Flag formation and a longer term Head & Shoulders formation. Both indicating that the S&P 500 is set to possibly  head lower. ITZ has suggested using the Proshares Ultra ProShort S&P500 (SPXU) to hedge the move lower.

click on charts to expand images

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