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Short

SPY TRADING RANGE BUT IF BREAK BLACK SUPPORT LINE THEN BEAR MARK

AMEX:SPY   SPDR S&P 500
SPY             TRADING IN RANGE BUT IF BREAK BLACK SUPPORT LINE THEN BEAR MARKET. The RED AND GREEN DOTTED LINES ARE FOR NOW A PROBABLE TRADING CHANNELS. There is a second black line at the top and that is the ultimate resistance line and if breaks then new high possible. But for now we can expect a choppy volatile trade till it break either black lines. good strategy for options side way movements.
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