The bull market trendline off April 2020 is still intact. I know that the trendline from a few months back is broken already, but I like to look at the bigger picture as well.
It is something to pay attention going into October. If that trendline is broken, then the market is mostly heading down more.
It is something to pay attention going into October. If that trendline is broken, then the market is mostly heading down more.
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It closed below the trendline, so watch out and manage your risk well.
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One thing I notice is that the buying has reduced as the SPY goes down more from the beginning of September.
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SPY Retesting bull market trendline from the April 2020. Let's see if it holds.