Stock Market Analysis – 07-03-2008

July 5, 2008 at 1:29 pm · Filed Under Broader Market 

SPY Daily Chart

Hopefully everyone had a good 4th of July.  The market closed out the week with another day that opened higher, but closed just about even.  Next week I’ll be looking for support around this level again.  If we can break through the downside I may be inclined to open up the bearish positions again, but for now I’m thinking we’ll see a bounce first.

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