SPDR S&P 500 ETF Trust
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SPY - Watch for Hard Selling if We Break Below $388

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Volatility is creeping up, see my post below regarding VIX. Price action is printing lower highs/lower lows (we're in a negative channel). Notice the long wicks at the base of the flag pole (yellow line). There's some buyers are these levels, but are there enough?
Nota
VIX - Hidden Bullish Divergence (Anticipate Morning Sell Off)
Nota
VXX - Little More Red in the Markets
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Nice gap up and fakeout this AM. Price action pulled back hard into the flag was rejected again at 10:30am. Will the market push for a second gap up on Monday or will we explore the downside? This trader is sidelined for now.
Nota
Volatility remains inside of a positive trending channel. That's not normal.
VIX - Positive Channel

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