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Getting technical: How the bears are shorting the S&P 500 vis-à-vis SPY

It's 2:00 pm ET on a Friday. The S&P 500 has sold off hard, but right into confluence support that includes the 200 day moving average and a long-term trend channel. Yahoo Finance's Jared Blikre breaks down the SPDR S&P 500 ETF (SPY) to show the levels where the bears will add positions, where they'll feel max pain, and what their targets are.