The SPDR S&P 500 ETF TRUST (SPY) Looking Bearish

The SPY is looking bearish based on candlestick reading and multiple signals coming from this chart and indicators.

Its value can continue to drop.

On the chart above I've marked the important support levels using the Fib. extension tool.

The black line on the chart represents MA1000.
A wick below this line is where I believe the bleeding will stop.

This is not financial advice.
Do your own research before you trade.
We are not responsible for your actions.

Thanks a lot for reading.

Namaste.

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