SPY closes below critical bull market trendline
SPY closed below an important trendline on the daily chart. This trendline has been supporting the bull run since March 2020.
This could of course be a fake out, but given the macro headwinds, I believe that this could be the first sign of a *potentially* major breakdown.
This could of course be a fake out, but given the macro headwinds, I believe that this could be the first sign of a *potentially* major breakdown.
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