Showing volume decreasing over time and ceiling of 280. Showing resistance bottom at 276 consistently. Once it breaks through there, next expected resistance is 269. After that, resistance at the 200 Moving Average followed by the .5 Fib Retracement. Still looks like a potential upside from big picture but will continue to squeeze into a Bear flag. Once it breaks the 276 Level, I would expect a big drop.
I am new to this and working through the charts and indicators. Appreciate any feedback.
SPY
I am new to this and working through the charts and indicators. Appreciate any feedback.
SPY
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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.