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SPDR S&P 500 ETF TRUST

Watch for another double-bottom in the next two days

Por SLOPolarBear
Atualizado
Sellers are backing off slowly. They could easily ramp up again tomorrow - volume for the first day of the week is consistent with the last two weeks. I'm expecting more red to follow. Considering opening a long position here if the signals are strong and we get a nice bounce. If price action lingers at that double-bottom watch for a quick break below. Everything I see suggests some strong ranging action over the next few days.
Nota
Ranging! I'm sidelined with cash until we get a break in one direction or another.
Nota
Waiting patiently for a pattern to emerge: snapshot
Chart PatternsESes!Technical IndicatorsSPX (S&P 500 Index)S&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Trend AnalysisVIX CBOE Volatility Index
SLOPolarBear

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