Overbought $SPY Bearish targeting 318 by end of Sep
Updated
Overbought indicators RSI -MFI with negative divergence, same what happened before previous crash.. Current 339.48 with target of correction by 10% will lead to 303-300 its matter of time before we can see drop with 10-15$ on single day.. old trend lines heading to same region between 312-322 with target of 318 by end of Sep or 1st week of Oct . Normally small top and bottom before 3rd November .. it took 3 sessions to fall by 10% during pandemic crash
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almost arrived ... on the way ..Trade closed: target reached
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