SPDR S&P 500 ETF TRUST

long term Investment plan for $SPY

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SPY is faced with a resistance indicated by the red dotted line. Price must go lower to pick up demand before the line can be broken. I expect price to go as low as $400 psychological price but I am open to lower prices down to $385. Overall, the plan is to buy at these anticipated prices and sell 50% at $462.

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