Good showing by Bulls as they were able to push SPY over 20 MA resistance.
Spy clearing the flag pattern and approaching 200 resistance with support at 194. Interesting zone here as we also have FOMC rate decision on Thursday. Anything could happen here , SPY could breakout of that 200 area or a false breakout over 200 and fade back. I will be keeping an open mind and will trade what i see intra day without much bias. Way too much damage was done to the chart to feel confidant about a meaningful recovery or a follow through of the bounce and Bears still have advantages with many overhead supply and resistance on top.
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