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Auguraltrader
Nov 10, 2022 3:20 AM

There the SPY goes… next leg down Short

AMEX:SPY1D
SPDR S&P 500 ETF TRUSTArca

Description

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As heads up yesterday, the TLT and VIX were telling… and the SPY buckled slightly (-2%) for the day.

Over the next two days, breaking down below 370 (red support line) and in doing so trigger a TD Flip to start a new TD Sequential should see the SPY find its way close to 350 (or lower).

MACD is supporting this and the VolDiv had already been warning a long time ago…
Trend AnalysisChart PatternsTechnical IndicatorsSPDR S&P 500 ETF (SPY) SNPsnp500SPX (S&P 500 Index)S&P 500 (SPX500)
Comments
PonzTrader
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liquidated
Auguraltrader
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@SkipDaRich yes indeed
Luck264
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Now 370 support line is very thin. Next support is strong 365 to 362
Auguraltrader
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Forgot to mention… very obviously the TD Sequential shows that the Primary trend is a Bear trend
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