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BEI
Sep 22, 2013 2:16 PM

SPY update Short

SPDR S&P 500 ETF TRUSTArca

Description

Some candle top formation at this 173 level i previously stated like potential reversal.
First target would be 160 ish, breaking the green trendline and certainly bouncing on BB-- weekly. After what prices might take a pause (dead cat bounce?) to BB median on weekly and fail there to fall more and complete the correction cycle, long term levels are 148 and orange trendline to seek significant support.
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