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McGuireTO

S&P 500 breaks key support in convincing fashion

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
McGuireTO  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Support and Resistance
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trendanalysis supportandresistance
SPY has now broken the February lows and entered into a longer term downtrend, on the monthly charts. We're due for a short term bounce on the daily and weekly charts to cool off our RSI levels, and what that bounce looks like will be telling.
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