If broken out above line 'X', measure +10 points from the point of breakout to your next target.
Comment:
HEADS-UP: SPY created a weakness (lower low) this week and is poised to test lower levels. Re-entering the parabolic formation could create a Strong-Sell signal. Stay alert, balance your trade or exit your long positions to remain on the safe side.
Next week could look very bad for the markets. SPY can reach 295-300, or worse.
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Next week could look very bad for the markets. SPY can reach 295-300, or worse.