james0577

265 next?

Short
james0577 Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Seems to be a solid push to the bear side, a strong 38.2% retracement, could be ready to re-test the fake breakout a few days ago. Hoping we can get out of a consolidation pattern and pick a direction. I think this re-test will break out and hit the next level at 265
Comment:
Again, with the 61.8% retracement... lot of bull traps being set.
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