The 4h 200 ema has acted as an important pivot point on SPY and this is the area where the R/R presents itself to favor short positions over long positions after an extended bullish rally over the past few trading sessions. Watching it closely!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.