$SPY Had a strong rebound from Cloud Chart (CC) support zone. Upside targets are old CC supports zones that are now new resistance zones towards the bottom end of the Cloud.
Now need a follow up stronger day to indicate potential for a rebound rally. Not out the woods yet! There still downside risk towards older CC support zones as indicated on CC.
Potential for a swing trade rebound rally, but these are short lived quick trades.
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