SPY Expect a Bounce Around 105

SPY Expect a Bounce Around 105

SPY is set to gap down and open at ~105.9. SPY should continue lower until it finds support from trendline A at ~105. At that point I expect SPY to hold trendline A and eventually bounce back to backtest trendline B. Now SPY does have a gap to fill at 102.87 so if SPY breaks below trendline A then that's where it's headed and most likely to below 101.13.

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