SPDR S&P 500 ETF TRUST

SPY on the FEDS

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The SPY is overdue for a correction yet it has been consolidating ahead of the FEDS press conference November 3rd. SPY has not been able to get passed the 1.618 fibonacci so I will be looking to see how it trends tomorrow, I will be looking for a rejection at either the the 1.618 or the top of the trend channel

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