SPDR S&P 500 ETF TRUSTUpdated ~ Possible consolidation pattern forming on S&P SPY etf
Support band 360 to 380 has held ... watching for a consolidation channel to form... 360 at the low end and 417 at the top end.
Thinking now that the market will be testing the 417 top side of it soon.
Thinking now that the market will be testing the 417 top side of it soon.
Trade active
S&P SPY now testing the top of the consolidation channel, on this politically unprecedented historical day of August 9th 2022 in U.S. politics .... the Rubicon has been crossed and the market must digest it .... thus a consolidation pattern is logical on the S&P
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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.