Owner of GrokTrade: Looking for SPY to bounce from trendline
I will be long the market, once again, if we get a bounce off this important trendline. HOWEVER, I expect the next upleg to be short-lived as this is a rising wedge formation, which is largely much more bearish than bullish.
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.