investimeal

Short SPY, RESISTANCE+CONFIRMATION

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AMEX:SPY   SPDR S&P 500 ETF TRUST
Short SPY at a a very strong support level with 2 confirmations. Take profit at the next support and the stop loss above the resistance.
The only thing I don't like about this trade is that I am going against the long term trend but other than that it looks perfect.
Respecting Fib perfectly as well
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