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yuchaosng

SPX SPY Short: Breaking of trend line with high volume

Short
SPDR S&P 500 ETF TRUST (BATS:SPY)  
yuchaosng  
BATS:SPY   SPDR S&P 500 ETF TRUST
Trend Lines Volume Elliott Wave
1
0
trendline volumestudies elliottwaves
As I've drawn on this chart, we have seen 2 days of high volume down days and there is a breaking of the trend line on Friday. I expect the coming week to see a wave 3 down move that will minimally see SPY at 498.

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