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SPDR S&P 500 ETF TRUST
Short

Daily SPX Spells Trouble

152
Shares of the S&P 500 (SPX) are in serious trouble. We've violated a multi-year trend line going back to recession lows of 666 (white line), sliced thru the major moving averages like the government slashes through our money, so I'm officially calling the uptrend over... until proven otherwise, sell in to any strength and hedge yourself!

Happy trading and be careful out there!
EchoAlphaBravo
Also on:
Chart PatternsDIADJIdjtTechnical IndicatorsIVVIWMQQQRUSSELL 2000SPDR S&P 500 ETF (SPY) Trend Analysis

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.
Chart PatternsDIADJIdjtTechnical IndicatorsIVVIWMQQQRUSSELL 2000SPDR S&P 500 ETF (SPY) Trend Analysis
EchoAlphaBravo
Also on:

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.