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SPY bearish Elliott Wave, target 212.74

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AMEX:SPY   SPDR S&P 500 ETF TRUST
A bearish 5-wave move is underway that ultimately targets 212.74 by late April.

Prices are currently in the third wave with a target of 225.76 by February 15. A bounce from the end of wave -3- would target 246.83 to complete wave -4- in March, then down to the wave -5- target in April.

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