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AdamParmer

Double bottom on the SPY with targets

Long
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
AdamParmer  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Double Bottom SPDR S&P 500 ETF (SPY) S&P 500 (SPX500) sp500index Relative Strength Index (RSI) Moving Average Convergence / Divergence (MACD)
2
0
doublebottom spy spx500 sp500index relativestrengthindex macd
After breaking a Descending triangle, the SPY is forming a double bottom that could make for an interesting intermediate term trend. Just breaking through the 786 Fibonacci level, the targets for this potential breakout are

T1: 208.53

T2: 211.24

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