SPY -the correction will end soon.
Here we see a consistent implementation of the Head and Shoulders patterns. At the moment, the next one is being formed. In addition, we see the intersection of MA50 and MA200. This means that institutional investors will not buy. I hope that MA200 and the upper border of the yellow trend will serve as a reliable barrier.
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.