Might break out of the channel to the downside and ping the 50MA

Short

SPDR S&P 500 ETF TRUST (AMEX:SPY)

AMEX:SPY SPDR S&P 500 ETF TRUST

I think the SPY is going to the 50 moving average and might bound around the lower Bollinger Bands. Going to need some more sideways action to level everything out.

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