SPDR S&P 500 ETF TRUST
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Market is in trouble here

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Keeping it simple, seeing a lot of bearish posts already covering the near term risk, but some aren’t accounting for extent of possible downside.

Obvi risk/reward play here with reward only to 426-430, risk to 370s.

Timing wise, it’s time.

Initial target if we breakdown 401 is mid 380s by end of June

After that expect bounce to test 397-401 and if it gets rejected we are headed to 370s.

Look out below

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