The Market Hitting 3 Major Levels

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The SPY has hit three major levels. One is the pivot support line from yesterday. The second is the 20 moving average. The third a .618 Fib retrace level. All this area is a big area for this market which had gapped slightly higher and fallen off a small cliff here. Worries about the dollar continue to be the driving catalyst. If this $88.75 level breaks, watch for double bottom from yesterday. Minor support along the way will be $88.50.

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