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SPY BEARS ARE GAINING STRENGTH|SHORT

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SPDR S&P 500 ETF TRUST (BATS:SPY)  
EliteTradingSignals  
BATS:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns Wave Analysis SPDR S&P 500 ETF (SPY) short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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Hello,Friends!

It makes sense for us to go short on SPY right now from the resistance line above with the target of 409.07 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.

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