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Dead cat bounce on SPY or the bull truly come back?
SPDR S&P 500 ETF TRUST
(
AMEX:SPY
)
William-trading
Premium
AMEX:SPY
SPDR S&P 500 ETF TRUST
Trend Analysis
Chart Patterns
6
3
trendanalysis
chartpattern
I think the SPY is likely to have a Dead Cat bounce as the rally is due to short covering. resistance zone at 50 and 61.8% Fib retracement levels are likely to be rejected.
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