AMEX:SPY   SPDR S&P 500 ETF TRUST
I'm looking to buy some SPY calls, and play the rebound on this next pullback.

Here are the points I'm watching for reversal and why.

I'm expecting the pullback to bounce on the 50EMA, somewhere between 440 - 443.

If we pullback past 436 and that previous low, I think that has major implications for the current rally.
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