BULLISH! LISTEN TO REASON!

with tomorrow being another day that the market makers lose their edge, in general market control bias strength: when GEX index numbers fall lower (number of open options contracts) as they expire. Leading to this major contract expiry, a bullish push always resets and price actions become more predictable and neutral. not being forced or controlled to the massive extent to which high GEX index numbers give the higher ups. That being said,
1. Today was an easy cheat code for what will be happening going into tomorrow and beyond.
a. should easily retest whole number support of $450.

Given these things, I however can't valuate SPY being at these levels and do believe it's being propped up but, the day is coming whether in a crash or change of trend (greater than 10%) will over take all SPY bulls. But patience that is not happening today.

Note well: How vigorously and aggressively we bounced from multi-hour support, the $444.... This was a bullish sign and volatility should be topping off after tomorrow... More importantly, it could easily be next week before volatility eases. furthering another possible push.

Note also that today volume on the reversal should not be used as a deterministic factor in deciding direction at this point on the chart and with all the other things going on. What should be the take away is as mentioned about that retracement of all that bearish move and then create ideas and analysis on the fact that we retested resistance and didn't come back all the way but only retraced to about the 70% mark of upwards correction..

All the best to you...
peace.
Chart PatternsDouble Top or BottomRectangleSPDR S&P 500 ETF (SPY) spylong

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