SPDR S&P 500 ETF TRUST
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SPY putting in a top likely

157
105 days over the 25 day MA of lows. 4:1 generally not sustainable. It is the timeframe since the November low that is most disconcerting. Metrics since the 2009 low are somewhat overbought but not as desperately so as just since this past November low. Rsquared in the .95 area also troublesome though .97 can be found in history. This would be an opportunity for the longs to trim and the contemplative shorts to find an opportunity.

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