“After bumping resistance at $113 on the SPY, I think the market will sell off within the next 1-5 trading days,” Zaky writes. “Don’t be fooled by this sell-off though.”
Zaky writes, “I think the September momentum in stocks is very similar in nature to the type of momentum we saw in July 2009, and March 2010… The stock might be in for another short-lived pullback, but after that, we’re off to see the Wizard at $300 a share this October.”
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