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SPY downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 441.44 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the SPY pair.

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Bullish PatternsbuyChart PatternsForexLONGSPDR S&P 500 ETF (SPY) tecnhicalanalysistradingTrend AnalysisWave Analysis

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