SPY Analysis

The Middle Gann line is of interest in this case
I propose an ascending broadening wedge to form above the middle Gann line
This is shown by the bars pattern placed
The 50MA is an area of support

A Planned Formation - Wedge


The above idea can be applied to this ticker
It seems far fetched but when COVID is compared to other drops in the market, COVID outweighs them all, yet we receive the smallest bear move
Troubling

Technical IndicatorsSPDR S&P 500 ETF (SPY) spy500spyanalysisspyforcastspyideaspyindexspylongspysignalsspyusdTrend Analysis

Disclaimer