Looking at the [[SPY]] , which measures the S&P 500, we can see that we are still in this upward channel, However, should the trendline be broken, the market will buckle.
The question is, will we bounce? or breakdown?
If i had to put money on it, I would say we breakdown.
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After reading your post and Woodshedder’s latest, I’m with you. The SPY and IWM are off the wagon. Thanks for the heads up.