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ZackMakesTrades
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SPY Head and Shoulders Critical Resistance
SPY
, DShort
SPY: SPY Head and Shoulders Critical Resistance

SPY has rebounded despite recent mass corporate layoffs, interest rate hikes, and general negative market sentiment. A head and shoulders pattern is forming where I believe SPY will turn down once again. Also, a massive factor in this prediction is the upcoming interest rate decision from the FOMC at the end of January. Indicators: Oversold Stochastic,...

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