If you cannot survice a 6% pullback on S&P 500. You're in some serious trouble. Not saying it will be easy but if you're overallocated in high beta stocks meanwhile your holding period is 2 month or less. It can get painful for you. A 6% pullback on $SPY takes you to previous highs. And makes a perfect case of Breakout Retest. Aligns perfectly with $SPX 7000 round number. Matches up with weekly 50SMA pullback as well I smell Shenanigans across the board now.
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