ContraryTrader

Spy 12/3

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AMEX:SPY   SPDR S&P 500 ETF TRUST
Next leg down to close gap at 447.50 is I think here.. Dow Jones got rejected, QQQ cant hold over that neckline (See link) and financials are pulling back.

Let's see what happens
Komen:
IF u notice that center around 457 you'll see that the spy is trading between 459 and 456.. That price action Along with that "Tail" or possible pole from Wednesday's drop could possibly be a bull flag leading back up to resistance... Just watch for the price action tomorrow, if we cant drop and hold below 456 I'd be worried it's setting up a flag for a move back to 461-462.. As a day trader u have to be ready for any possibility 🤙

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