mproger

SPY New Downtrend Line

AMEX:SPY   SPDR S&P 500 ETF TRUST
Watching a possible new trendline in SPY . Looking for one more test of it to confirm the line. If this line is confirmed, follow it with for a 2%-4% correction.
Comment: Trendline just confirmed at 1156 AM
Comment: Trendline broke to the upside, Testing Benefit of Doubt line (BOD) at 1227PM
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