SPDR S&P 500 ETF TRUST
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SPY bounce before the OPEX on Friday?

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The overall market has been in a downtrend for the past 2 weeks of trading as it is reaching its 50EMA. This has been a great buying opportunity in the past. It might be a good idea to be long the SPY for a possible bounce today and tomorrow before the big OPEX expiration. On Friday, given the big volume of options that will be traded we might have an increase in volatility and some extra selling pressure. A dip below the 50EMA around 441.8 negates this thesis

Feragatname

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