SPY & Financials Reverse, Gold Extended But Still Tearing Higher

The SPY is close to a moving higher again after a sharp move down this morning on the back of European bank fears. There are also oppotunities in the financial sector on oversold stocks for long swing trades. Gold and silver are very extended and the trade is becoming short term crowded but shorting them at this level is risky.

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About Aaron Basile
Market Technician, Equity/Commodity Trader, Austrian Economist, Contrarian Investor

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