SPDR S&P 500 ETF Trust
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SPY local/short term price action 1H

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SPY

Taking a look at the SPY here on the 1H time frame

we see a couple potential bearish patterns here with the rising wedge and the bear flag

both potential patterns would indicate more downside potential in the near term at least

just a quick look here but still room to the downside potentially towards that 350 level

what's everyones thoughts on the market right now? been pretty range bound for a while so a large move could be due sooner rather than later imo

Happy Trading!

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