SPY Technical Analysis! SELL!
My dear followers,
This is my opinion on the SPY next move:
The price is coiling around a solid key level - 415.93
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 407.30
Safe Stop Loss - 420.65
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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