SPDR S&P 500 ETF Trust

SPY multi-timeframe analysis and targets

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SPY is in a downtrend, and that is the path of least resistance (as Brian Shannon likes to say). My trade bias is still short, but as of the time of this video it looks likely that there is some support building intraday, and the market could go sideways or up to challenge resistance before continuing down. Targets are presented in the video.

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