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Holly! Look At SLV

|Includes: GLD, iShares Silver Trust ETF (SLV), SPY, XLK

As mentioned before, no support at key support level usually means the trend has already turned. SLV:GLD fell like a stone. And at the level, it broke down its mid-long term trend line. Transalation: more weakness ahead.



And for XLK:SPY, it holds up well above 50 day moving average. The break out looks more sustainable after today's price action. This makes traders more confident on this pair. 



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