The SPY will move down shortly….

The weekly indicators indicate the market will drop soon. I suspect the drop will occur within 1 month.

There is a triangle forming which indicated an upward or downward movement. Due to the weekly indicators showing a downward movement, I suspect the market will head lower but I will not rule out an upward move.

This move will only be a brief move, before continuing upward until the US election at the end of the year.

Happy trading!
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Penafian