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SPDR S&P 500 ETF TRUST
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$SPY - Reversal or a TRAP?

由ritubpant提供
Looking at the chart it seems like this is a fake out to trap all longs before heading significantly lower. Take a look at the chart, a similar setup has played out before and this seems to be exact setup once again. Most likely wrong but it seems pretty plausible. Could see $430 before we head down though.
Chart PatternsTrend Analysis
ritubpant

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