SPY - Small Time Frame

Day Traders Only. This is a 15 min chart and is helpful for very active traders.

Explinations on the chart.

Once again, we are still in a strong impulisve move and price will not stop until we get to the 230 area where we have confluence of support and 200 MA and 200 EMA which will also provide buy pressure for a bounce and consolidation. Great time to get accounts set up and ready to short once again after that bounce up into significant moving averages. I will show you when we get there.

Good Luck
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