A look at the daily chart will help support my last post. You have the MACD divergence, the trend breakdown, the volume spike... nothing about this looks bullish to me. If anyone has a different outlook I'd love to hear it. If I'm not seeing something, please let me know.
daytradegaptofillmacdivergencescalpSPDR S&P 500 ETF (SPY) Trend AnalysisTrend Line Breakvolumespike

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