SPY Setting up for another gap down?
SPY gapped down once from a bearish RISING WEDGE. Looks like another RISING WEDGE is forming.
400 is a strong support that a lot of traders are watching. If price moves down tomorrow to this support area there could be a nice bounce up from there.
400 is a strong support that a lot of traders are watching. If price moves down tomorrow to this support area there could be a nice bounce up from there.
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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.