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patricktapper
May 3, 2022 2:48 AM

SPY Short

SPDR S&P 500 ETF TRUSTArca

Description

Interestingly SPY is at Quarterly pivot after yesterday. This level also coincides with weekly and yearly pivot support levels. On balance volume is increasing slightly, while the Stochastic is near to turning more bullish. I wouldnt be suprised to see a kick up on Tuesday's RTH session and then maybe consolidate. Smart money on the DOW and RUSSELL are still short by more that two to one.
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