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SPY expect a reversal before another dip
SPY
, 1D
Short
SPY: SPY expect a reversal before another dip

There is a good H&S pattern formed and the price broke the neckline as of today closing below 367. the current downtrend could reverse towards a bullish move soon before the next dip down to 320ish. Analysis : At present RSI @31 which still has some more room to go down. Fib support level for 161% of previous up move is at 357.7 at which RSI would be around...

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