Bear flag on SPY Weekly
Spy is looking weak right now. This huge spike-up couldn't hold this morning. It has respected this up trend line for 3 weeks now. I doubt this up line will hold another week. We may even see it collapse this week. The daily chart is just as ugly. I expect a big move to the downside is coming in the near future. buyers are drying up. Green volume is down. We will see what this week has in store, however I think we're headed further south.
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