Thecontrariandaily

$SPY - Day Trade Idea

BATS:SPY   SPDR S&P 500 ETF TRUST
Here is a day trade idea on $SPY. Looking for some correction this week
Key thing to note: This would be considered a "counter trend" trade as I see it.

We are still heavily in a downtrend and fully expect the downtrend to resume

That said I still see some opportunity to scalp this thing back to the upside as we recover from all the massive sell offs from last week.

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