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SPDR S&P 500 ETF TRUST
Long

Possible Bounce Scenario for SPY

122
Stochastic indicator is oversold and crossed positive, but is curling back down slightly. RSI and MACD still pointing down. Gap to fill at around 203.71 coinciding with the intermediate-term downtrend line, if SPY makes it that far. Short term long only within a short/bearish medium term outlook.
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techxtrader
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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.