First salvo

A great trend day for bears ended with SPY smashed for a loss of -5.7%. But still above support zone.

ES futures are nice up 54 handles suggest a robust 1.8% higher open for SPY as of now.

I expect vigorous 2 way trade in RTH.

Indicator has started to develop divergence. But one day a trend does not make

Above SPY 300 and the ball is still with the bulls.

Chart PatternsesfuturesSPDR S&P 500 ETF (SPY) Trend Analysis

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