SPY Trend Break
SPY broke below its uptrend from about two weeks ago and also briefly fell below the critical $570 area. Instant response from bulls so far. Bears need to hold this here and keep it under $570 or else it's likely we'll see a squeeze back up to ATH. First downside target is a previous low around $565.
You reap what you sow.
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
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