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Spy support becomes resistance
SPY
, 1D
SPY: Spy support becomes resistance

Spy

SPY Top
SPY
, 1D
Short
SPY: SPY Top

SPY exceeded 10yr resistance line and rejected. Has broken uptrend into neutral wedge. Would need to break upwards with force or (more likely) fail at this long term resistance and fall.

SPY Will Break Down
SPY
, 1D
Short
SPY: SPY Will Break Down

S&P is meeting strong resistance at pre-corona high while achieving progressively lower lows. Wedge pattern is becoming clear. Expecting strong move down to 200 day moving average then recovery.

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