SPY: Long

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Technical:
(1) Double Wave Down
(2) 38% weekly to monthly retracement confluence with double wave
(3) All trenlines are facing up
(4) moving average support
(5) Still above the 200 moving average
(6) oversold market in the stochastics, MACD and RSI
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This is a good buying opportunity.
Beyond Technical AnalysisTrend Analysis

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