Very interesting things cooking up with the SPY. Bulls and bears fighting over what the next move is. What I see is simple RSI is low enough to allow for another bounce however price candles are under EMA so it is bearish. Bulls need to overtake EMAS on the RSI bounce or they risk a support break at 476.12 If that happens we can expect a pullback to 470.46ish levels again.
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Still in play. SPY tried to reclaim the top but bears said get that weak ish outta here. Will continue to monitor
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i am loving the channel trade volatitly
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Done Deal