SPY nearterm outlook. If we are on an 8day cycle, we could move higher for 4 days. The channel estimate at this time would be approx 144 SPY. A move of 300 pts from low of 140.83 would be typically a great exit, that matches with the channel estimate. . Staying on sidelines watching for sell signals above 143, and will consider small shorts without signals above 143 with extreme RSI readings or other overbought indications.
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