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SPY - MACD breakdown signals downside to $195, $192

AMEX:SPY   SPDR S&P 500 ETF TRUST
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While price held support today at the December lows, MACD momentum did not also find support at it's same level in December. That's a bearish signal and indicates further selling is likely in the short-term. The 50% retracement from the October lows is at $195 and the 61% retracement is at $192
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