SPY – Repo’s Barely Working Anymore

Alert set at $320.09 for break of previous low (confirmation of bearish trend).
Currently active in SPXS as bearish entry.

Trade Entry
Bearish entry below $320.
Stop is Daily high 2 days previous $323.64.
This is not ready for entry yet IMO. Need to be careful here with artificial money coming into market with Repos. newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/repo-reverse-repo-agreements/repurchase-agreement-operational-details

Chart Details
SPY has been ready for downturn. Every day there is a Repo, there is either stall or reversal.
Repo’s run out on 1/14. I think we are seeing an end to bullish SPY trend as the liquidity stops.
Price broke white trend on Dec. 30. Fed Repo injection on Jan. 2 (market goes up to ATH’s).
Price working in pink channel until tips over to break moving averages.
Below $314 confirms 10WeekMA. The higher we go, the more likely the 10WeekMA cross is likely to occur.

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Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, CRWD Bullish short term.