- SPY 30 minutes chart has a broadening pattern.
- Price got resisted near the resistance line of the broadening pattern today.
- Further up move can only happen if price breaks above the broadening pattern.
- If it continues to get resisted around this level without a breakout, we may see a correction in favor of bears.
- SPY has good resistance at the 132 - 133 level as shown IN THIS POST.
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