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Yadada786_Anish

SPY Rising Wedger Be Careful Bulls?

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
Yadada786_Anish Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns Technical Indicators
6
0
trendanalysis chartpattern indicator
On Friday SPY closed above 200 MA but on another side, it formed a rising wedge, a bearish pattern, and stochastic forming convergence, another bearish indicator. So be careful going into a long position for it.
Comment:
After today's market drop looks like we will be retesting 100 MA at $391
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