Spy is definitely under some pressure and if it struggles to reclaim and hold above 416 it can retest the lows. If it falls under 410 it is likely to drop to the 408-405 range, in my opinion. This set up is dependent on the current local lows holding as near-term support and a play to the upside to close the 4hr gaps. Feel free to comment and like if you agree and if you disagree, please share your perspective. Happy trading 🍸
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