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SPDR S&P 500 ETF TRUST

Spy

By jamen.mylion
Updated
So far we have resistance at 50 ema, there is positive momentum on the higher time frames, which might lead us to test the top of triangle target level around 271$ , but we must break 50 ema first, and failure to break,will bring us back to 200 ema area and retest of the bottom of trend line.,258$-260$
Comment
Yup Failed to break above 50 ema, created a giant red candle on the daily , bad sign boys.
chartindexmarketpatternSPDR S&P 500 ETF (SPY) StocksTrend Analysis

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