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S&P 500 (SPY) Breakout


The fact that the SPY's broke out of a 3-month base formation on 8/18 -- - and hit an initial high at 130.69, then pulled back to the breakout level at 129.40/20, and then pivoted to the upside last week, initiating a spike to today's new recovery high at 130.82 -- represents a classic bullish technical scenario....

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