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SPDR S&P 500 ETF TRUST
Short
Jan 18, 2022
SPY closes below critical bull market trendline
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SPY closed below an important trendline on the daily chart. This trendline has been supporting the bull run since March 2020.
This could of course be a fake out, but given the macro headwinds, I believe that this could be the first sign of a *potentially* major breakdown.
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S&P 500 (SPX500)
SPDR S&P 500 ETF (SPY)
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Trend Analysis
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