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$SPY Corrective Action Expected August 25-29

With excellent gains since the test of the lower trend line , it is in the nature of this index to rest when certain criteria is met, I believe it has made that criteria and will target as low as 1957, and an expected close in the 1970 area .

The road to S&P 500 has been delayed, but ultimately it will get there sometime in the month of September.