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SPY Weekly look. A bounce of key technicals but still beary

AMEX:SPY   SPDR S&P 500 ETF
$SPY Weekly look is kinda bearish .

It has bounced off key technical indicators but it is pretty bearish . The repeat patterns are just too eerir.

We might just see more range trading like the past 84 weeks(Highlighted yellow) minus to the dips (highlighted red)
What do you guys think?
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