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$SPY Retracing back to leg start... Wont be easy

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AMEX:SPY   SPDR S&P 500 ETF TRUST
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Watch momentum on smaller time frames... Remember... Longer time frame still in control... first touch bounces will go to test support lost... priming it for a large bounce as we drift near leg start... Overall picture very bullish, but short in the intermediate term.
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