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Key Level Being Violated on the SPY

|Includes: SPDR S&P 500 Trust ETF (SPY), SPY

We are currently violating the 88 level intra-day on the SPY (S&P 500 ETF), which has been an important support level on the trading range in place since the beginning of May.

There has been a multi-level trading range on the SPYders in place for the last couple of months, with 88, 90, 93 and 95/96 marking key levels.

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SPY Hourly Chart