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WadeYendall

SPY has a ton of work to do to get me bullish

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
WadeYendall  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns
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trendanalysis chartpattern
The red area will provide a lot of overhead resistance. We could see a strong rally if SPY breaks
above the 382 up into the 618. If price fails at the 618 however, expect to see a resumption of the downward trend. A potential
break of the low could take us to the green boxes. I would be extremely surprised to see a V bottom
recovery right back to the ATH at this point.
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