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 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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