RESEARCH HIGHLIGHTS:

• Over the past 28 years, the SPY has gained an average of 3.45% in 15 of those years; it has fallen by 6.42% in the other 13 years.
• The critical support level for SPY is 332.85. If the SPY finds support at this level then you can expect continued, moderate price increases.
• Prepare for a moderate increase in volatility for the rest of September – watch the VIX.

Chris Vermeulen
TheTechnicalTraders.com

SPY EXPECTATIONS FOR THE REST OF SEPTEMBER

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