SPY A Fall Expected! SELL!
My dear friends,
Please, find my technical outlook for SPY below:
The price is coiling around a solid key level - 598.24
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 583.97
Safe Stop Loss - 606.52
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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