Building of my original SPY chart I've highlighted some key patterns in this week's sell off. Going back to 2006 almost every large red weekly candle is followed by more selling in the next week. I think this pattern holds into next week and the green ellipse becomes the near-term trading range until we inevitably head to $285 to finish the larger rally trend.
Bearish PatternsChart PatternsneutralSPDR S&P 500 ETF (SPY) Trend Analysis

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