FXPhantom
Short

Go short SPY idea

AMEX:SPY   SPDR S&P 500 ETF
spy
73 0 2
spy
Yesterday we had a very narrow range. The lower open today breaks the trendline and if sell off continue, we might get evening star pattern on the daily chart . Obvious divergence also visible on momentum indicator which supports this idea. Initial target at support around 189, but looking forward to get to 188.
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