Watch for a (failed) backtest of Trendline A to confirm 106.01 Target

Watch for a (failed) backtest of Trendline A to confirm 106.01 Target

As predicted, SPY failed to break through 109.35 and has dropped. Trendline A defines SPY's uptrend since the 104.65 low. Look for a (failed) backtest of this trendline to confirm that SPY is headed to 106.01 to fill the gap.

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