SPY D1 update: Welcome to 20% correction traders!(NEW/UPDATE)

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-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
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-TD9 counts / combo review
-Key S/R levels
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SPY D1 update: Welcome to 20% correction traders!(NEW/UPDATE)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.

🔸 Summary and potential trade setup
::: SPY daily chart review and outlook
::: crude oil already dumping hard
::: DAX down 5% in Europe today
::: QQQ / SPY joining BEAR party soon
::: August/September will be RED
::: don't get caught up on the wrong side
::: fake V-shape recovery spells trouble
::: we are likely already maxed out
::: or got very limited upside from here
::: fap fill pending at 330 max and then
::: lights out for the BULL PARTY
::: Game over bulls and market will shift
::: into BEAR mode August/September 2020
::: either way setting up for 20%+ correction
::: 4-8 weeks of correction incoming soon
::: better be prepared in advance
::: when there's GREED there's also PAIN
::: get ready for 20%+ decline in SPY
::: a lot of OPEN GAPS left behind
::: they will get filled soon
::: good luck traders
🔸 Supply/Demand Zones
::: 266/290 fresh demand zones
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment: BEARS
::: Sentiment outlook short-term: BEARISH