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$SPY : Remains bullish

AMEX:SPY   SPDR S&P 500 ETF TRUST
The market has never gone down when job losses have been greater than 1 million.

$SPY remains in intermediate uptrend as its above 20 EMA. $ES futures are again pointing to about a 3% higher open.

Expecting two way trading today being a monthly options expiry day.

Oil $WTI continues to crash but that does not seem to have an effect on the markets yet.

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