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carefulRhino97368

Down we go

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
carefulRhino97368 Aggiornato   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Chart Patterns Trend Analysis
10
17
chartpattern trendanalysis
SPY approaching key levels, a very high possibility of a sell off incoming.

Recession is almost here.
Commento:
Job report came out strong today, hence the slight sell off. Strong jobs means green light on rate hikes, which means deflating SPY.
Commento:
So, SPY is forming a beautiful M-shaped reversal pattern, but of course it will not be confirmed until 373 support is taken out.
Commento:
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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