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SPY: THERE IS A TIME TO BE LONG, A TIME TO BE SHORT..
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SPY, 60
THERE IS A TIME TO BE LONG, A TIME TO BE SHORT..

.. and a time to go fishing. And that is basically how I see the situation right now, at least for SPY. The main rising trend channel has broken down and there is, in my opinion, not a good timing for taking on new positions right now.

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