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the_sunship
May 19, 2022 7:40 PM

SPY raising the bear flag Short

AMEX:SPY15
SPDR S&P 500 ETF TRUSTArca

Description

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372 target, probably next week. Coincides with the C=A target I talked about in last video. I think the buy zone is there.
Trend AnalysisChart PatternsTechnical IndicatorsSPDR S&P 500 ETF (SPY) S&P 500 E-Mini FuturesS&P 500 (SPX500)
Comments
cicatrace
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3850-3900 is the measured move target from a rising wedge we broke down of at the end of August last year so I wouldn't be surprised to see a rally from here
UnknownUnicorn32969573
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@Steversteves double bottom ?
the_sunship
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@lavontakeyamon, likely now that premarket is over median line. I'm switching long
UnknownUnicorn32969573
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@the_sunship, could be a fake out ... bear flags usually have higher highs until it hits resistance .... it could hit 395 and sell off
the_sunship
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@lavontakeyamon, I don't think so today, but we'll see. Larger B wave makes sense here to convince people it was THE bottom before more downside. Tricky
FiboTrader1
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@the_sunship trust your analysis
Mynameismethos
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You’re high
the_sunship
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@Mynameismethos, the account is, yeah
Caper04
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@the_sunship, ignore that bs.
abigreen
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let's see how this will play out.
it's so obvious, that they may have done it on purpose to foul traders.
we're almost there in premarket
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