The Trend Line To Watch To Know If A Stock Market Correction Starts

Markets have reversed off all-time highs on an intra-day basis. While they are only slightly lower on the chart, there is a potential topping tail forming on multiple major indexes and ETF's. The level institutions are paying close attention to is revealed in the chart below. If at 4PM ET, the $SPY closes below this line, it is likely markets will begin to see selling with the first target at $216.35.

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