SPY SELLERS WILL DOMINATE THE MARKET|SHORT
Updated
Hello,Friends!
Previous week’s green candle means that for us the SPY pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 516.43.
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We are seeing a good move already so we will keep the trade running!
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