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Market gaps up on trade news but loses almost all gains

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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snapshot
Today has given mixed signals with what started out as a strong gap up on trade news lost basically all ground through the whole day with a spike in selling volume just before close of the day (bearish signal). RSI going below its support trend line while price action retreats to stay inside a support trend line (bullish signal).

Idées en relation

ratchet-mint
SPY breaks below its 3 month rally but signals more to come.
ratchet-mint
SPY resistant to giving up its 2 month rally
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