SPY Wed 9-24

A drop before the bounce?

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Good analysis. The fact that it didn't recover its 21EMA yesterday when the Qs and DIA did may indicate something brewing to the downside?
SMP99 PRO ttraider
Thank you. The 50% retrace of the entire three day down move in just one day seemed to be a classic oversold bounce. I suspect more downside coming but for now i'm remaining open to all options. Still have my eye on 196.50 area.
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