BEARISH SPY MOVING to 351

16 dic 2022

There has been no change to any of the setups. I am still bearish on the SPY to 351 from this rising wedge on declining volume. There was a bull trap right before the beginning of the breakdown. It did not change or invalidate this setup. We are starting to move below minor support and getting some increase in sell volume. I am anticipating it to accelerate to lower prices and get a volume spike. This will have negative consequences for crypto