EliteTradingSignals

SPY BEST PLACE TO SELL FROM|SHORT

Short
BATS:SPY   SPDR S&P 500 ETF TRUST
Hello,Friends!

It makes sense for us to go short on SPY right now from the resistance line above with the target of 531.44 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.

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