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S&P 500 Index
Short

SPY: Potential Leg Down

By VasilyTrader
Updated
snapshot

the market has recently reached a falling trendline.
currently the price is coiling inside a rising channel called the bearish flag pattern.

Bearish breakout of a channel will confirm bearish sentiment and
sellers will most likely drive the market to lower structure levels.
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Chart PatternsdollarETFForexfuturesindexesTechnical IndicatorsoptionsS&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Technical AnalysisTrend Analysis
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