Markets Setting Up For Reversal As SPY Pierces 200 MA

The market is close to putting in a short term bottom as the gap down now sets us up for a morning star reversal on the SPY. Financials looks strong and are holding up well. Gold and silver are up yet again though with the debt deal done and the rally priced in, they are very overextended and due for a sizable pullback.

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

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