$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ The high of the day was 15 points away from the resistance level mentioned during the weekend, the bounce could be considered complete.
The reversal candle at the higher Bollinger band suggests caution considering also the two gaps recently open.
Worth noting: 50DMA is in support mode, currently at $5134, and let’s remember $5110.
Turbulence in both directions is more expected than a crash. A consolidation is more likely.
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