SPY! Over Extended?
SPY
Current Price: 437
Day Chart Pattern: Falling Wedge
Weekly Trend: Ascending Broadening Wedge
Possible trend: Short Term Retracement
Pull back to: Possible 410 Support Line
Possible trend: Bullish Continuation above 481
Bearish below: 481
Divergence: Reversal Bearhish Divergence on Monthly Chart Developing
Possible Entry: 410 - 415
Resistance: 460
Long term Targets and Resistance
1. 460
2. 481
3. 566 Ultimate Target
Possible Bearish Targets
Stop Loss: Base on a Daily Candle Close.
Support 1: 430
Support 2: 410
Support 3: 384
Support 4: 348
Support 5: 308
Support 6: 275
Please remember to DYOR and this is not financial or investment advice. It's my targets for the market at this moment. Please let me know what you think of my technical analysis and thank you.
Current Price: 437
Day Chart Pattern: Falling Wedge
Weekly Trend: Ascending Broadening Wedge
Possible trend: Short Term Retracement
Pull back to: Possible 410 Support Line
Possible trend: Bullish Continuation above 481
Bearish below: 481
Divergence: Reversal Bearhish Divergence on Monthly Chart Developing
Possible Entry: 410 - 415
Resistance: 460
Long term Targets and Resistance
1. 460
2. 481
3. 566 Ultimate Target
Possible Bearish Targets
Stop Loss: Base on a Daily Candle Close.
Support 1: 430
Support 2: 410
Support 3: 384
Support 4: 348
Support 5: 308
Support 6: 275
Please remember to DYOR and this is not financial or investment advice. It's my targets for the market at this moment. Please let me know what you think of my technical analysis and thank you.
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