SPDR S&P 500 ETF TRUSTUpdated SPY In Muddy Waters!
SPY looks to be in "No Trade Zone."
Depending on how you look at it... You have,
Descending Triangle (Blue dash and top Pink line) - Generally Bearish
Channel Down (Top and bottom Pink line) - Bearish Until Break above resistance
Symmetrical Triangle (Bottom Black and Top Pink line) - Generally Bullish - Continuation
Broadening Wedge (Two Black lines trending UP) - Generally Bearish
#DontBeASheep
Depending on how you look at it... You have,
Descending Triangle (Blue dash and top Pink line) - Generally Bearish
Channel Down (Top and bottom Pink line) - Bearish Until Break above resistance
Symmetrical Triangle (Bottom Black and Top Pink line) - Generally Bullish - Continuation
Broadening Wedge (Two Black lines trending UP) - Generally Bearish
#DontBeASheep
Note
Touched the top of the Channel Down (a.k.a resistance) Let's see what we have in store tomorrow and the coming sessions.
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.