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SPY: The (not so) fun wave 2

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SPDR S&P 500 ETF TRUST (AMEX:SPY)  
FiboTrader1  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns Technical Indicators
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Historically, wave 2 is the biggest pest of all the waves. It is the wave that wants to fight for dear life to stay up in a down trend and vice versa. No matter, as all things have an expiration date. When intermediate wave 3 begins it'll be very apparent and it'll have people scrambling for liquidity. Today marked I believe marked the start as was shown in my last post, but tomorrow the bulls might try to fight one more time. Let's see what happens.

DISCLOSURE:

Not financial advice.
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