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Market Update - August 17 2022

August 17, 2022

The 🐻 Bears showed up today, SPY daily pull back has started, Hourly downtrend in needed

SPY hourly uptrend is lost but the downtrend needs to be confirmed, we start watching how much the pull back is.

BTC daily is already closer to the bottom and losing MA support so continuation is less likely at this point.

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