ThetaTrader_

SPY - looking wobbly

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
The SPY daily is beginning to look a bit scary. Massive bearish divergence on the RSI and negative fundamental news with the Archegos default. Will be looking for downside in the short to medium term down to the anchored vwap from November 9th with has proven to me massive support. Breaking that will likely lead to much more pain on the downside.
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