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TradersForecast

SPY to fall on Monday, August 28, 2023

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
TradersForecast Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Oscillators SPDR S&P 500 ETF (SPY) SPX (S&P 500 Index)
11
0
oscillator spy spx
RSI is in downward channel and it also formed a head-and-shoulder pattern. I expect a significant fall of SPY on Monday, August 28, 2023.
Comment:
The pattern didn't hold. However, I expect SPY to fall today and/or tomorrow (Thursday/Friday) maybe even beyond that.
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