Radar – Market Update

September 26, 2011

The SPY is trading up 1.60 at 115.1, or 1151 on the cash (SPX). Note that this puts the market back above the lower channel line and would generate an 21 min ATR buy signal.  If this is confirmed, the market could rally back into the 38-62% retracement window, 1156-1180:

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