SPY is forming a strong downward trend
SPY is forming clear downward trend showing more selling to come.
SPY is in the midst of a sell off. Best right now to wait for signs that selling has slowed and starting to reverse course before entering any bullish positions.
- Sold off with momentum and increasing volume indicating strength in the move
- We are in the beginning of September which is normally a bad month
- We should expect selling to continue
SPY is in the midst of a sell off. Best right now to wait for signs that selling has slowed and starting to reverse course before entering any bullish positions.
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