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SPY Starting to Rally

SPY is having a very bullish rebound with three bullish candles so far. There have been bullish gaps for the past two candles, and there is strong buy pressure after the Fed and U.S. Treasury have provided a dovish outlook last week. I have $524.49 as a key resistance target of interest on the way up. I think SPY could form a new all time high during this rally, but I think there will be resistance and sellers at $524.49.

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