SPY - Not Bullish
Although we gapped up yesterday (Thursday) and today (Friday), we have not held the gap very well. There is very obvious bear pressure at 424, and we have been trending lower on 5 and 15 minute charts. The volume is the lowest we have seen since in over a year.
Short term outlook bearish.
Short term outlook bearish.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.