SPY has been rangebound this past week forming somewhat of a bull flag ultimately stuck between 410 and 416.Personally, I'm expecting a break of 416 eventually as bears will eventually lose steam bulls look to regain control of the market.
Longs are safe above 416, shorts are safe below 410.
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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.