https://www.tradingview.com/chart/Aw80cajR/?symbol=AMEX%3ASPY
Currently watching
SPY coil inside a symmetrical triangle after a strong run-up. Price is compressing between higher lows and lower highs. Volume is also tapering off, which is a classic sign of a potential breakout coming soon.
Sentiment for Next Week: Leaning Bullish
UnlessSPY breaks below the rising trendline with volume, the structure favors a bullish continuation breakout to the upside for next week ahead of earnings. If that lower trendline snaps, we could see a quick move into 675–670.
Bullish Confirmation: ABOVE 684
Bearish Confirmation: BELOW 680 / treadline support
Currently watching
SPY coil inside a symmetrical triangle after a strong run-up. Price is compressing between higher lows and lower highs. Volume is also tapering off, which is a classic sign of a potential breakout coming soon.Sentiment for Next Week: Leaning Bullish
Unless
SPY breaks below the rising trendline with volume, the structure favors a bullish continuation breakout to the upside for next week ahead of earnings. If that lower trendline snaps, we could see a quick move into 675–670.Bullish Confirmation: ABOVE 684
Bearish Confirmation: BELOW 680 / treadline support
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.
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.