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SPDR S&P 500 ETF TRUST

SPY Short term bounce possible

62
Drawing up a basic ABCD pattern with Fibonacci levels, it seems possible that the Friday sell off hit solid resistance at bottom channel line, and 1.618 level, giving probability of a bounce next week.
mgv
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AB=CDSPDR S&P 500 ETF (SPY)

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AB=CDSPDR S&P 500 ETF (SPY)
mgv
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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.