Spy and the overall market looks especially weak after todays Bearish Retest gap following a brief flag Pattern. I will look for a continuation into the 200 SMA in the shorter term.
Note
Pressure to the downside continued today and at a critical area. If we break below today's close I will watch for a bearish edge.
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.