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Jfielder_strat
Aug 13, 2022 5:59 PM

Stocks are facing huge resistance 

SPDR S&P 500 ETF TRUSTArca

Description

1) Currently in overbought territory

2) Approaching Triple-Resistance:
- Big picture bear market trend
- 200-day moving average
- $430 level/previous resistance

3) Support at $415 50-day moving average

4) Support at the 50-day moving average
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