Yourboydc

Broadening Formations For The Win.

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
Broadening formations are a great way to see when exhaustion is coming, $SPY hit the top of it beautifully after a massive move up and got tired. Now, we all wait on what the FED says about rate hikes. 75BPS+ the market will puke. 50BPS (FED Pivot) then we break right through this broadening formation

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.