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Short term SPY target 503

SPDR S&P 500 ETF TRUST (BATS:SPY)  
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BATS:SPY   SPDR S&P 500 ETF TRUST
Parallel Channel
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Short term target for SPY is 503 over the next few weeks. This is the area of the most support with the gap up. Upward channel from the last 3 months was broken several days ago, and now we are in a different technical situation.
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