Is it finally time for the SPY to take a real breather? I'm not sure but the initial wedge broke down and the secondary wedge will need to find buyers quick to get back thru. Last time I wrote a note about the SPY it was at last year's bottom around 220. It's do or die for the S-P-Y!
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Checked myself and I did write a note in October going into election that SPY would get its footing and move higher.