AlanSantana

SPDR S&P 500 (SPY) Going Lower | Clear Signals

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
Let's take another look at the SPY ... I might not get the exact bounce length, but I always get the drop... And this one is dropping.

We see a new all-time high that is shy from a double top ... As soon as this high was hit, you can see a break of EMA10, our main support.

With this little information, I can tell you that the SPY is done.

There is bearish divergence on the MACD and RSI , while the bearish volume has gone up...

This is just a friendly reminder...

The S&P 500 ... Is about to drop.

Namaste.
Comment: Perfect hit...

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