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omegabull
Nov 30, 2022 1:09 AM

Short below 390 on SPY Short

SPDR S&P 500 ETF TRUSTArca

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SPY is fast approaching the last demand zone, which is 390. If the dollar continues to strengthen, we can see see 390 very fast. Sure enough 390 is going to be a fighting zone between the bulls and the bears. A closure below 390 opens the door for some massive shorting to occur on the SPY. Will J Powell move the markets on Wednesday? Hmmm.....
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