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SPDR S&P 500 ETF TRUST

$SPY *BREAKOUT* above the downtrend

195
SPY *BREAKOUT* above the downtrend

WOWZA, but bigger move than I expected. We saw a breakout above the downtrend off of ATH’s (initial rejection then drop to the 35EMA and then bounce to breakout)

So the CPI/PPI move was drop to the 50DMA and bounce. Wild stuff, y’all. Inflation data days never cease to amaze me.

Let's see if we get a follow through to close the week...
SPYder_QQQueen_Trading
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Also on:
Chart PatternsTechnical IndicatorsTrend Analysis

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Chart PatternsTechnical IndicatorsTrend Analysis
SPYder_QQQueen_Trading
🚨Subscribe here if you want these charts in advanced on YouTube - it’s free, youtube.com/@spyderqueentrading
🔴My Chart Settings- youtu.be/WJhP0NhED0o

I am not your financial advisor.
Also on:

Disclaimer

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.