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SPDR S&P 500 ETF TRUST
Short

SPY - Finally Lining Up for Weakness

Even permabears have their day in the sun sometimes. Today might be that day, even a little down will turn enough indicators to get some downward momentum for a few days. Breaking $290 sets stage for the 50-day MA down in the $285 range for SPY. Ideally, we get a few failed rallies and then a breakdown before noon, which would follow a typical pattern for a trend down day.

SPY es_f ES NNQ
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