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AmbreenShabi

next two trend lines

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
AmbreenShabi  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns SPDR S&P 500 ETF (SPY)
5
2
trendanalysis chartpattern spy
First Spy will drop to 267ish level and then will begin a new upward trend.
Explanation:
The drop to 267ish level is the restest of last trend. In other words it is also known as retracement.
As the retracement has been more than 50 percent of last leg/trend downwards, it means all the low activity is just retest.
Happy trading.
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