YusufS
Short

Market Exhaustion

AMEX:SPY   SPDR S&P 500
The market has ran up this past week after it bounce. Now volume is running dry and it ran into heavy resistance. it also broke the trend line (yellow line) up top. We want to see price CLOSE below the light blue neck line before we enter a short position to fill the gap at 203.85.
Trade closed: target reached: Target successfully hit just before the rally.
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