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SPDR S&P 500 ETF TRUST
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Down we go

Oleh carefulRhino97368
Diupdate
SPY approaching key levels, a very high possibility of a sell off incoming.

Recession is almost here.
Catatan
Job report came out strong today, hence the slight sell off. Strong jobs means green light on rate hikes, which means deflating SPY.
Catatan
So, SPY is forming a beautiful M-shaped reversal pattern, but of course it will not be confirmed until 373 support is taken out.
Catatan
I have reduced my position size by half, it looks like the market is not convinced to sell off. We'll see where we stand following the CPI report.
Chart PatternsTrend Analysis
carefulRhino97368

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