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SPY Trends and Influencers August 21, 2011

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Last week’s review of the macro market indicators looked like a reversal of the previous week. Gold ($GLD) looked heading lower while Crude Oil ($USO) had a short term bias higher in a downtrend. The US Dollar Index ($UUP) looked to continue sideways in the 20.88-21.90 range, while US Treasuries ($TLT) looked to continue lower in an uptrend. The Shanghai…

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