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SPY Indecision week as markets digest data.

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
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AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns SPDR S&P 500 ETF (SPY) stockmarketanalysis Technical Analysis
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Indecision week on SPY as markets digested econ data. As we stated last week, we were able to hold a higher low on Friday at 460 before seeing a $4+ move into the close. For this week Id look for SPY to break above 470.00 and hold before seeing a move up. Calls can work above 470 for quicker trades. It will be easier to run calls once SPY can close above 473.20. If we remain bearish we do have a Gap target area between 455.00 & 456.32 for a target below.

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