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Yadada786_Anish

SPY Resistance at 200 MA & Head & Shoulder Pattern

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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 Chart Patterns Technical Indicators
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SPY has strong resistance at 200 MA around ~$404 level and is holding below it; also we see stochastic is overbought and we could see a downside coming if it does not break that level. The support is around ~$390 level at 100 MA and it breaks that the next one is at 50 MA at ~$378 level.
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