We have been writing about about poor action in many individual stocks while indices masking the damages. The mask finally came off as SPY rejected 20 MA resistance again then closed below all important 50 MA support. Next support, 100 MA 292 area followed by trend line support. Tricky tape out, after such a big outside day, things might get choppy Wednesday or sell off continues. Hit and run day trading mode by followed intraday price action.
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