alexp
Short

SPY - down to 153.50?

BATS:SPY   SPDR S&P 500 ETF
136 0 0
SPY             has recently overshoot it's long term trend channel from the top.
Usually, such overshoots on one end lead to major overshoots of a trend line on the other end.
I bet that trend line won't hold well this time and the unclosed gap at 154 might act as a good magnet here.

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