Short at Backtest of Trendline A

Short at Backtest of Trendline A

With SPY selling off late in the day yesterday, a downtrend line was finally established. Now we have a downtrend line (A) that we can short at. If SPY breaks above trendline A then the downtrend is over. I'm in the bearish boat and expect SPY to backtest trendline A and drop today.

SPY has a gap to fill at 108.3 and 107.1.

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