SPDR S&P 500 ETF TRUSTUpdated SPY - 2 Channels
We haven't broken out of the bullish channel. Looks like the bulls and bears are fighting on which channel will prevail. Marked some potential retrace zones, but as of now, I'd sit still.
Completely possible we can just keep going up in a megaphone pattern, or continue on this new downward trend.
Completely possible we can just keep going up in a megaphone pattern, or continue on this new downward trend.
Note
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.