SPY is forming clear downward trend showing more selling to come.

  • Sold off with momentum and increasing volume indicating strength in the move
  • We are in the beginning of September which is normally a bad month
  • We should expect selling to continue


SPY is in the midst of a sell off. Best right now to wait for signs that selling has slowed and starting to reverse course before entering any bullish positions.
SPDR S&P 500 ETF (SPY) Support and ResistanceVolume

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