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Jermme
Apr 30, 2023 6:05 PM

Pull back - more upside before ultimately failing Bull rally Long

SPDR S&P 500 ETF TRUSTArca

Description

Pull back into wave 2 of 5 on spy. Looking to find support before continuing higher.. possibly mid week... Wave 3 of 5 should move pretty hard to the upside. Possible short squeeze as we will be entering resistance zones and hitting stop losses. BUT, Ultimately we should fail rally and continue lower. IMO to new lows.
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