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#SPY : Weekly close above 50% decline will likely begin new bull

Long
AMEX:SPY   SPDR S&P 500 ETF TRUST
#ES futures dragged down the indices at the open today. But by the end of the day #SPY recovered most of the morning losses. #SPY trades above 20 DMA and remains constructive.
Bulls still doing enough to keep the bounce intact.

#QQQ's finished green with a relative out-performance against #SPY. #AMZN, #TSLA, #AMD, and #NFLX were stand out growth stocks today, all gaining more than 5%. Likely the market is showing the early leaders for the next bull run.

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