SPY: Potential Leg Down

٢٣ يوليو ٢٠١٩

the market has recently reached a falling trendline.
currently the price is coiling inside a rising channel called the bearish flag pattern.

Bearish breakout of a channel will confirm bearish sentiment and
sellers will most likely drive the market to lower structure levels.

٢٣ يوليو ٢٠١٩

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