alexp

SPY - expecting strong resistance

BATS:SPY   SPDR S&P 500 ETF TRUST
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Expecting some strong resistance around 152.85 area - it should move up after the gap is closed + the major trend line is running just around there. I would expect a good of test 156 area off 152.80 and if 156 holds and forms a double top thereafter - then the real correction is likely to start.

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