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$SPY Weeks Low Likely In

According to my model , the low for the week has likely been seen at 1834... A reversal here would not be surprising considering the price is on the oversold side of things on the 60 min charts and under. The question is if the bottom of the channel is tested, the longer term technical indications are suggesting that will happen.

Fridays close is expected to be in the 1830 range...