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S&P 500 Index
Short

SPY: Looks Bearish

By VasilyTrader
snapshot

hey traders,

though I have already shorted SPY following bearish gartley pattern.
for structure traders we now how a perfect confirmation.
the market has recently broken below the support line of a rising wedge
and rsi shows clear divergence.

I think that the recent gap well most likely close,
and then you can short the market.

T1 - 2940
T2 - 2880

Stop - 3040
Chart PatternsS&P 500 E-Mini FuturesETFfuturesindexesTechnical IndicatorsoptionsspdrS&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Technical AnalysisWave Analysis
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