mansofun

Predicting the spiders moves

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AMEX:SPY   SPDR S&P 500 ETF TRUST
The market has hit 4 times on the 50 MA
We had a toping tail at all time high onbthe daily
We have been below the trend line green in my chart that im sure most of you agree is drawn correctly
And we are also hitting on blue support line .
There is a clear bear flag on the daily
Market is not fighting to go up.
Its fighting to go down
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