$SPY Downward Bearish Trap III

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Calling out the $SPY is like calling out the wisdom of the wild. Thus leashing this beast is no easy task for any trader. But, you must start somewhere and a GAP fill is just as good as any. If you have any comments on my charts I welcome the conversation and challenge that your observations bring to the platform. Sincerely, Beauty
I agree with your supposition that a gap may drive the market price to close the gap. However, one must consider whether the ETF SPY drives the market or the SPX which has a smaller gap 0.2% /0.47%; or does the more recent gap yesterday have a greater influence: 0.33% / 0.32%.
I hear the argument for a triple top. I agree we are in a correction, however might take another week for US markets to top out.
Also, US dollar SPY correlation is not rare, but when it happens you see fast corrections.

alexp QuantitativeExhaustion
Ideally it should even overshoot 157 and trap some bulls first...
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