SPY maintained the inner bullish channel while SPX broke already through it.
I expect a bit more downside into next week, keep in mind that after Santa-Rallye, the Rest of January tends to be a bit more bearish in the past.
IF SPY really breaks down out of the channel, I expect a retest of the EMA 100 Area
I expect a bit more downside into next week, keep in mind that after Santa-Rallye, the Rest of January tends to be a bit more bearish in the past.
IF SPY really breaks down out of the channel, I expect a retest of the EMA 100 Area
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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.