Balagadoo

Bearish SPY Trend continues

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AMEX:SPY   SPDR S&P 500 ETF TRUST
After the big rally today we finally hit some resistances and reached the 22 day EMA. From here we have some room between the 11 day EMA and 22 day EMA for some slightly upward movement/sideways movement, but then joining the dominant down trend again I expect us to retest the ~257.70 low from March 23rd.
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