Doesn't look good for the bulls that we are basing below early June's base. Taking out the early June highs may be a sign that this isn't a bear market trap, but rather the end of the bear market. I'm still in the group that thinks we have one more drop before we turnaround.
Bearish PatternsbeartrapBullish PatternsSPDR S&P 500 ETF (SPY) Trend Analysis

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