I also marked the price action in February with red arrows as well as the . Here The price made a new high, but the did not much like it did in September. Also I drew a line of resistance in and . They both recently moved into this and has since backed off.
I take these signs as an early warning sign of at least a temporary sell off coming. First to confirm this I would like to see the price in the SPY fall and hold below 151. If the bears can successfully hold the 151 are we can look for a target in the 145-148 range.
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