Look out below
Clear signs of weakness past couple days. SPY gapped down 2 days in a row but was able to close gaps both days. Today it found support at the bottom of the ascending wedge but rejected the 200 day moving average. Possible head and shoulders over past three trading days. Could be sign the top of this rally is in.
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.