patricktapper
Short

Deadcat Bounce on SPY

AMEX:SPY   SPDR S&P 500 ETF TRUST
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SPY is sitting at its 200 day MA. Based on volume , I would expect a small bounce higher tomorrow, up to the 38.2 fib level as a max. Fundamentals and technicals show the long uptrend is damaged - ie. expect more downside and choppy movement.
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