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SPDR S&P 500 ETF TRUST
Short

SPY - Buyback Blackout Periods, Speculation, Overpurchase

By JDS_6ix
snapshot

Anticipating a SPX/SPY bearish entry for the next few weeks. Speculative over-purchase on the Trade Talks optimism, surpassing Q2 resistance line weeks back, now should revert back to norm. Assuming the buyback blackouts, earning surprises, and trade talks headlines for the next few weeks aren't as positive as the long investors had hoped, there will be a buildup of down pressure, entering bearish trend.

Keep an eye on the following topics next couple of weeks:
  • Major buyback blackout periods on S&P giants including but not limited to XOM GOOGL AAPL AMZN MSFT FB
  • Earnings surprises across S&P500 (SPX) / SPY
  • U.S-China Trade Talks outcome
Beyond Technical AnalysisMoving Averagessp500indexSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) Trend Analysis
JDS_6ix

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