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SPDR S&P 500 ETF (AMEX:SPY)

AMEX:SPY SPDR S&P 500 ETF

short spy spx spx500 fibonacciretracement sell

This lows to lows extension has provided previous short entries that ran to targets. No surprise market ran out of momentum at the 190.50 area. Unless bulls find some conviction or yellen makes a serious policy change I expect lower prices down to 176 area at least.

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