bear_inside

SPY closes below critical bull market trendline

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
SPY closed below an important trendline on the daily chart. This trendline has been supporting the bull run since March 2020.

This could of course be a fake out, but given the macro headwinds, I believe that this could be the first sign of a *potentially* major breakdown.
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