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SP500 can benefit from November Fed

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
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AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis
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trendanalysis
Too many shorts in, and the weak response during last weeks shows the bears can't push any more. Traders expect Fed to raise 1% in November, which is highly unlikely in the current liquidity crisis
Trade active:
Resistance acted as expected. January to test the lower bond
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