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SPY Testing Support In Rising Wedge

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

The S&P is coming off a fantastic 2013 in which it pushed to new highs. Over the last five years, the SPY (S&P ETF) chart has formed a bearish wedge. The current pullback has SPY testing its rising support trendline, which is also around where the 200 day moving average currently resides.

SPY five year chart