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S&P 500 at Strong Resistance, Short Trade Setup for SPXS

SPY is trading at a key resistance level, the white resistance line that has consistently provided strong rejections for the S&P 500. I am taking a short trade setup by going long on SPXS. 

Price targets: 
– Red support zone between $469 and $477 
– Red trendline around $433 (price increases over time since the trendline is sloped upwards).

ChartChamp socials: https://linktr.ee/realchartchamp

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