jmtbernardo

SPY (short-term)

Short
BATS:SPY   SPDR S&P 500 ETF TRUST
2
We have another bearish flag that was followed by strong bearish volume. Resistance approximately 163.65 to 164. The next support I see it is around 162.76. Also there is lots of volatility at the moment in the market, so be careful. We continue to be in a bearish short-term trend, because we are making lower highs and lower lows.
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