SPY back in the trendline

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SPY back in the trendlineUS SPX 500OANDA:SPX500USDkolade_ouFrom a technical stand point, the expectation was that the trend line will be respected and sellers will force price to close back inside. Today's daily close can ignite further downward movement which can align with August seasonality that typically sees Indices pull back within this period. Target still remains 6108 at previous ATH