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SPY retracing to primary trend line and going higher?

Por salsverdlov
Hey Folks, Looks like we are retracting to confluence of factors at the $420 area, 23% Fib level ($420 USD level) and then will bounce off the primary trend line from the covid lows, the potential take profit area would be the all time high or potentially could go higher... Seems like will be going down for the next few months, before having an amazing Christmas rally to finish off the year.. However this would be scenario one.. follow me for more potential scenarios
Trend Analysis
salsverdlov

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