Options and Stock Market Technical Chart Analysis for July 6, 2009 by Idan Koren

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Uploaded by on Jul 6, 2009

Today I look at the market's reversal as it was predicted in my last video. A day that only ended up 0.25% UP generated a lot of profits since we were able to take profits on shorts early in the day and go long AAPL, GS as inverse H&S were forming and take profits at the end of the day. There might be a little bit more upside to go before we reverse lower. An inverse H&S target of 90.40-90.53 on the SPY coinciding with a 38.2% fib retracement seems to be like a good potential reversal point for the bears to pile back in.

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  • Amazing Tech Analysis.....thanks for ur efforts!!!

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