SPDR S&P 500 ETF TRUST
Short

Sell Rip Short on S&P 500

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The S&P 500 has sustained a powerful rally that made it reach above its 20 period upper Bollinger band. With it below its long term moving average, and it falling back below the upper band in this session, a 'Sell Rip' trade alert has been initiated on the broader market. Look for the 200 SMA to hold as resistance, and a target of at least below the current lower Bollinger band of around 2500

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