mahamitradj
Short

Bearish SPY Trend continues

AMEX:SPY   SPDR S&P 500 ETF TRUST
After the big rally today we finally hit some resistances and reached the 22 day EMA . From here we have some room between the 11 day EMA and 22 day EMA for some slightly upward movement/sideways movement, but then joining the dominant down trend again I expect us to retest the ~257.70 low from March 23rd.
You nailed it. Thank you for your post.
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