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SPY 11/1 Weekly Analysis:

AMEX:SPY   SPDR S&P 500 ETF TRUST
Bounced Off The 5HR 21 EMA 10/27, Creating Multiple Demand Zones & A Gap In The Process. We Are Currently Sitting At The Top Of The Daily Channel At 460. Top Of Weekly Channel Sitting At 462. Expect A Hard Rejection At Either Of These Levels. We’re Starting To Become Very Over Extended With Octobers’ Massive Rally.
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