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SPDR S&P 500 ETF TRUST

Bullish on SPY

By GeoPax
SPY has decisively closed above the 200 DMA, rallying in the last 30 minutes on Friday. The market seems poised to return to the year's highs as it moves up a channel. However, expect a small pullback to the top of the triangle that has been formed in the last 4 months or to the 50 DMA.

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