SPDR S&P 500 ETF TRUST

Spy upper trendline and fibonacci .618 about to meet at $270

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Spy upper trendline and fibonacci .618 about to meet at $270. I think with Banks beating ER, Dovish Fed and china news has pushed market to short term bullish. Look for earnings next week with MSFT, Goog and Amazon to decide future direction. I took profits before spy $260 and lost some profits. FOMC meeting Jan 30th, Happy trading!

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