Long $SPY CMP $434.70. $SPY trading below 50 EMA. I am long on $SPY, expecting it to bounce above 50 EMA after VIX goes below upper BB level. Would be interesting to see the tug of war between bulls and bears in coming days.
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Trendline support broken. Published SPY head and shoulder idea. Next target area ~$423. Bearish for short term now