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$SPY - Bull Flag Formed, Caught Between Supply And Demand

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SPDR S&P 500 ETF TRUST (AMEX:SPY)  
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AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Support and Resistance Supply and Demand swingtrading swing swingtrade LONG short Bullish Patterns bullflagpattern bullflagbreakout
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trendanalysis supportandresistance supplyanddemand swingtrading swing swingtrade long short bullish bullflagpattern bullflagbreakout
$SPY has been rangebound this past week forming somewhat of a bull flag ultimately stuck between 410 and 416.

Personally, I'm expecting a break of 416 eventually as bears will eventually lose steam bulls look to regain control of the market.

Longs are safe above 416, shorts are safe below 410.

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