Breaking Trend Lines

This month, it is notable that the monthly squeeze histogram in the S&P 500 (SPY) has moved negative.

In addition to that, the SPY has broken two trend lines and a price support area. The trend continues to the downside, and it’s just a matter of what path the SPY will take on its way south.

Let’s take a look at these interesting development in the SPY where something is coiling up to happen:

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Your Profit Pilot, TG


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