$SPY 1h, closed above 200MA

A place where it must hold for the bulls in case of a trend change.

A gap down or a close below 200MA tomorrow will be a rejection of a breakout.

#Stochastics is in the extreme zone, while MACD and RSI are in the bull zone, which can get a cross fairly quickly if there is a gap down open tomorrow.

The bulls have a shot here, and if they fail, it will be a sizable drop here…

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