Runaway Freight Train

Runaway Freight Train

SPY is looking like a runaway freight train. I think SPY hits 107.5 soon. At some point the MMs are going to try to shake people off the bus. 106.8 offers some support. Stronger support is at 106.3 and 106.6 though. Finally it is plausible that SPY drops to 106.1 to fill the gap up today but not likely. I think the next major pullback occurs when SPY hits trendline A.

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