SPDR S&P 500 ETF TRUST
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Feb 23, 2023 - Long off Support Zone

“Go Long”

Looking ahead to Thursday, I see SPY bouncing off a VP shelf, which represents prior resistance turned support. A strong close into this support zone (398.40-401.16) to end the day today has me thinking long into tomorrow if price holds up in pre-market.

An hourly close under 398 invalidates idea.SPY
Chart Patterns

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