SPY Idea 8/15/21

Looking to enter short on breakdown. I believe that we will soon see a correction.
Under 200EMA confirms

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MACD Divergence with Price
Showing higher Lows on MACD while Price continuing to go up.

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So far so good.

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Testing support line

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Perfect bounce off support... Channel continues to get smaller everyday.

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Retesting support

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broke down from support