traderman001

SPY: Judge my (Modified) Schiff!

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
The price has gone way above the channel. I'm not exactly sure what this means. Do I re-draw it? Or is this going to come down hard? The way the market is now, it looks like it's going to slide way down to around $220.00

Please let me know your thoughts.
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