SPY looking to pull back. RSI is very oversold.
I want to see a healthy pull back to the levels of support showed above. Once we test the first level, wait for confirmation for the bounce for new (higher lows). If not, we will test the next line support. Of course News and Trade could blow through both resistance and support.
This could be building a descending triangle though its way to early to tell.
This could be building a descending triangle though its way to early to tell.
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