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EconRuminations

I DON'T SPY

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
EconRuminations Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns Technical Indicators SPDR S&P 500 ETF (SPY) trading S&P 500 (SPX500) investing charting Technical Analysis short crash
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trendanalysis chartpattern indicator spy trading spx500 investing charting technicalanalysis short crash
Looking for SPY to test 50% retracement from Covid lows to the highs. will be in the $360 - $350 range. Should support fail there, which I believe is likely, and then be confirmed by volume next target is $317. Ultimately I do not consider it out of the question a possibility of $247
Trade active:
Still in this on the short side. Looks like we're having that battle at support so we will have to see what happens. Looking like $357 is a deciding line but my support will go to $350.
Trade active:
Still on the short end and we opened up slamming to support at $350. If fails $325 - $317 is my guess before testing $300 even which I would suspect would give a bounce if one does not come sooner.
Comment:
STOP HIT
Comment:
Back in position!

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