SPY broke below its uptrend from about two weeks ago and also briefly fell below the critical $570 area. Instant response from bulls so far. Bears need to hold this here and keep it under $570 or else it's likely we'll see a squeeze back up to ATH. First downside target is a previous low around $565.
Chart PatternsTrend Analysis

Short Thesis:
advancedplays.com/short-thesis.pdf

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The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
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