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SPDR S&P 500 ETF TRUST (AMEX:SPY)

AMEX:SPY SPDR S&P 500 ETF TRUST

Could be a nearterm bounce in order here but overall I believe the third time is the charm for the SPY. At the least a test if the purple 250 period MA seems reasonable but 179 would not surprise me on a wave 1 down and if the that does not hold then 170-172 could happen fast.