- SPY is trading in a range.
- Price for now is in the negative side of the range.
- Trading above 133.18 level may favor bulls. Breaking below 131.36 will favor bears for a correction.
- 2nd chart shows price trading below the 50 Hour moving average.
- If price continue to trade without breaking 50 Hour moving average on the upside then a breakdown below 131.36 and a correction is likely to happen.
- ES CONSOLIDATION PATTERN
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