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S&P 500 - Bears hold or fold at 3676???

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
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AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns Wave Analysis SPX (S&P 500 Index) SPDR S&P 500 ETF (SPY) IVV DJI NASDAQ 100 CFD
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3676 is the key level to watch to day. In a corrective wave 1.236 is the max amount a corrective wave B can retrace. If the bears can hold, then this is a corrective wave and more down to come. However, if the bears fold then get ready for a dot com level bubble.

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Some notes on critical trend lines
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