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SPDR S&P 500 ETF TRUST

Closed bullishly

By insyyte
SPY gapped up on the heels of ES futures bullish action yesterday, but sellers showed up at the open and slammed SPY down to a low of -0.7%, before buy the dip crowd showed up and closed SPY at the high of the day, firmly above its 200 DMA.

The S&P 500 advanced 1.5% on Wednesday. Advance led by many of the value-oriented stocks. IWM (+3.1%) outperformed again.

ES futures are flat and pointing to SPY open higher by about 0.05% at this time..
Chart PatternsesfuturesSPDR S&P 500 ETF (SPY) Trend Analysis
insyyte
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