BillyStaples
Short

Bear SPY (for now)

AMEX:SPY   SPDR S&P 500 ETF
50 0 0
There's some evidence suggesting the SPY             can continue its downward move for a couple more days. There's a gap yet to close around the 201-202 range that may be in reach if today's break of the 206 level holds (otherwise, not). You can see the RSI broke its trend, suggesting relief and potential for further downside. The MACD has plenty of room to move lower as well.
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