SPY has bounced nicely off the 200 week MA. Watch for the highlighted area to reject price in the next few weeks. If we see a strong rejection in that range it will likely lead to another powerful bearish move.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.