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Long

SPY Momentum Trade

BATS:SPY   SPDR S&P 500 ETF
117 0 0
SPY             just recently had a significant volume move going away from the 50-day moving average on the daily chart . Based on this I looked for a good spot to get long on this breakout and chose the 142.79 level with support and .382 retracement confluence. Final Targets near the September highs at 147.
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