The SPY is trying to move above the 20 and 50 moving averages. If it can break 127 then the short term up to neutral, otherwise should stay above 120, which are the July lows...but if we break that the prepare for some down moves like you haven't yet seen.
Anyway, "I don't know exactly were the price will be but I have a good idea as to its trading range during the next 20-25 trading days".
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