Rally May Have Failed!

06/30/2009 12:57 pm EST

Focus: STRATEGIES

Thomas Aspray

, Professional Trader & Analyst

chart
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Today's action so far is not positive as the daily chart would show a reversal if we closed back below the 20-day EMA at $91.83. The RSI3 will also turn down on a lower close after reaching the neutral zone, which is a common topping formation. A break of the support at $88 would indicate heavier selling.

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