SPY to re-test $373 in the coming month.
Updated
Double top has formed, SPY still has not realized the recession fears. Crude crashed from recession fears I believe SPY is next on the chopping block.
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SPY rejected $416 immediately! Went straight down to $412 support its looking bad no bull rally here to sustain upward price movement. Price might stick around $410 area until August CPI to see if peak inflation has actually passed or if there is more pain to come.
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