BE CAUTIOUS: SPY may drop to 200 EMA and follow QQQ
Watch for SPY to follow down to 200 moving average and follow the QQQ. Nasdaq index has been under the 200 EMA for almost 3 weeks and looking for the S&P 500 to fall to the same area. Best to be neutral or keep small position sizes if you are long or short. If SPY breaks and closes below 204 look to add to shorts.
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