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Staying neutral.

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
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AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns SPDR S&P 500 ETF (SPY) esfutures momentumsqueeze Relative Strength Index (RSI)
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trendanalysis chartpattern spy esfutures momentumsqueeze relativestrengthindex
After a choppy morning trade SPY had a liquidation break later in the day to close down 0.63% yesterday.

Mom squeeze divergence continues is downward trajectory.

As does RSI though it still remains above 50, hence positive.

ES futes are trading up 11 handles projecting an green open for SPY.

Staying neutral for the time being.
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