So apparently someone with an axe to grind on Twitter got me temporarily restricted, which is completely retarded, but here is a short-term projection for SPY. We are above an important long-term trend line that I believe will provide some temporary support.
It is the "original" broadening top channel (longer-term view below).
After we test it, I believe we might bounce for a day or two, then plunge again. It's just a guess, but it seems like a reasonable possibility.
It is the "original" broadening top channel (longer-term view below).
After we test it, I believe we might bounce for a day or two, then plunge again. It's just a guess, but it seems like a reasonable possibility.
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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.