SPDR S&P 500 ETF Trust
做多

SPY Testing Major Support

845
This is rare, SPY is currently near the 200 week moving average. The 200 week moving average for SPY and QQQ has been a very reliable indicator since 2011. Similar to my other idea I posted regarding NQ/QQQ, it is possible that SPY could bottom around this area. If not, we could see a sharp drop through it as many institutions buy the 200 week MA and may close their long positions if it doesn't hold.

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