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SPDR S&P 500 ETF TRUST
Short
Updated

Big Drop On Spy Starting This Week?

567
Strong Topping Pattern forming on SPY and other institutionally owned stocks.

I think it could be a good bet to short the market if we have a gap up tommorow along with any pullbacks. It may continue into mondays close.
Note
If price breaks the highs then this idea is null and void. If we do start dropping then short the bounces. Be patient and wait for proper confirmation.
NinjaTradingServices
Chart Patternsninjasp500indexsp500usdSPX (S&P 500 Index)S&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Trend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart Patternsninjasp500indexsp500usdSPX (S&P 500 Index)S&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Trend Analysis
NinjaTradingServices

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.