Slower increase over the last 1.75 years shows...TOP FORMING!

Short

SPDR S&P 500 ETF TRUST (AMEX:SPY)

Updated

AMEX:SPY SPDR S&P 500 ETF TRUST

Trend Analysis SPDR S&P 500 ETF (SPY) S&P 500 (SPX500) SPX (S&P 500 Index)

trendanalysis spy spx500 spx

I think what we saw in the last few days and what we might continue to see for a few more days can be characterized as exhaustion pops.

This is just an idea, not financial advice. Trade at your own risk.

Comment:

SPX, YM, NQ and RUT are all pulling back ans starting a downtrend on the 4hr chart. THE day is SOON!

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