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SPDR S&P 500 ETF TRUST
Short

COVID-19 Resurgence Scare - Bearish Flag Forming On 4h Chart!

By OlaOluwalade
Updated
SPY looking weak and with COVID-19 resurging and fears of future lockdowns. I think this calls for a pullback. This week all the way into next week.
Trade active
Ended up doing what I thought it would do besides the unexpected short squeeze from 6/25 EOD. Bulls ended up giving up 300 today but I expect the Bulls to be back to put in a fight beginning of next week to end the quarter. We'll see how this plays out.
Bearish PatternsBearish FlagBeyond Technical AnalysisChart Patternssp500indexsp500shortS&P 500 (SPX500)SPDR S&P 500 ETF (SPY) spylongspyshortstrongresistanceTrend Analysis

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