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SPDR S&P 500 ETF TRUST

SPY - Will the bears do it again ?

425
SPY, we are near this trend line where the market reversed 2 times in the past after a bearish weekly candle... I posted a chart of SPY 2 weeks ago with a level of 350.90 for the measured move target and it lines up nicely with this trend line. Even though I am always more bullish than bearish, I think it is a good time to be careful. Trade this at your own risk, cheers!
Xam13
Chart PatternsSPDR S&P 500 ETF (SPY) Trend Analysis

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Chart PatternsSPDR S&P 500 ETF (SPY) Trend Analysis
Xam13

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.