SPDR S&P 500 ETF Trust
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$SPY run it back turbo $405 target?

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Everyone turned bearish yesterday when the market fell 1.5% and are calling for new lows, however, I think the most likely scenario from here is that we push back up to $405 first before the real bear move begins.

After tagging $405, then I think the setup will favor the bears, and think we can fall back to the $370-380 range over the coming weeks.

I expect this move higher to play out by the end of next week.

Let's see what happens.
ノート
Let's gooo
ノート
Beautiful. Target reached. Trade closed.

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