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mgv
12 Th12 2014 21:34

SPY Short term bounce possible 

AMEX:SPY15
SPDR S&P 500 ETF TRUSTArca

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Drawing up a basic ABCD pattern with Fibonacci levels, it seems possible that the Friday sell off hit solid resistance at bottom channel line, and 1.618 level, giving probability of a bounce next week.
SPDR S&P 500 ETF (SPY) AB=CD
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