Looking for the Spy to take a nice dive here. We are up against the level of the initial breakdown and currently facing a lot if resistance. I have placed a few scenarios on the chart and will close my position based on structure and momentum. This is a very big trade, as I have a lot of my account equity into this one and am very excited to see the results.
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Profit taken on Fridays close, now expecting a bounce to at least 206.