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Heavy selling friday- Monday can see continuation
SPY
, 1D
Short
SPY: Heavy selling friday- Monday can see continuation

SPY rejected perfectly off the descending trend-line on the daily chart as many anticipated. The market soon started to price-in a dovish Jerome Powell for Friday’s Jackson Hole speech, but this time the tone was clearly hawkish. Friday’s sell-off was strong into close resulting in a -3% move. With such a bearish daily candle and no positive short-term outlook to...

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