In January, SPY has attempted to breakout of downtrend and back into bull market territory. I don't believe this pump is sustainable because there is nothing good about the economy right now. The Feds still need to deflate the 6.5% inflation. When the MACD crosses below signal line you will begin to see the price of SPY tank.
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This is a great place to place your shorts. The stock market is about to crash once we close below 390