jmtbernardo
Short

SPY (short-term)

BATS:SPY   SPDR S&P 500 ETF
277 4 2
We have another bearish flag that was followed by strong bearish volume . Resistance approximately 163.65 to 164. The next support I see it is around 162.76. Also there is lots of volatility at the moment in the market, so be careful. We continue to be in a bearish short-term trend, because we are making lower highs and lower lows.
I took my profit out near the support (green line) near 162.76
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I will become bull once again when takes it takes out the previous high 165.50
snapshot
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Trix bubbles and pops
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