SPDR S&P 500 ETF TRUST
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BEARISH trend $SPY

310
First thing I notice is that the volume has been declining in SPY, a lack of volume to me, means a lack of participation. 2ndly price fell through the 9 day EMA before closing right on top of it. The doji at ATHs, which is resistance, usually indicates a trend reversal, The RSI and Stochastics are in bearish postures, and the Sniper fired a sell arrow on the previous candle, these discoveries suggest a bearish trend.

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