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Rhnmrks

SPY SHORT 06/08/2023

Short
S&P 500 Index (OANDA:SPX500USD)  
Rhnmrks Updated   
OANDA:SPX500USD   S&P 500 Index
Technical Indicators Trend Analysis Chart Patterns
1
0
indicator trendanalysis chartpattern
SPY SHORT 06/08/2023

Currently below at supply zone.
AIming at nPOC 4271.2 Taking profit first at the equilibirum level at 4279.4
Comment:
Based on the current market conditions, I anticipate a decline in the SPY market. The fact that we are presently below the supply zone suggests a potential decrease in prices. Furthermore, the formation of a bearish divergence reinforces my bearish outlook. Considering these indicators, I expect the market to move towards the equilibrium level at 4279.4, indicating a downward trend for the SPY.
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