SPDR S&P 500 ETF Trust
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更新済

Down we go

822
SPY approaching key levels, a very high possibility of a sell off incoming.

Recession is almost here.
ノート
Job report came out strong today, hence the slight sell off. Strong jobs means green light on rate hikes, which means deflating SPY.
ノート
So, SPY is forming a beautiful M-shaped reversal pattern, but of course it will not be confirmed until 373 support is taken out.
ノート
I have reduced my position size by half, it looks like the market is not convinced to sell off. We'll see where we stand following the CPI report.

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