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EliteTradingSignals

SPY BEST PLACE TO SELL FROM|SHORT

Short
SPDR S&P 500 ETF TRUST (BATS:SPY)  
EliteTradingSignals Updated   
BATS:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns Wave Analysis SPDR S&P 500 ETF (SPY) short SELL trading Bearish Patterns Forex forecast techincalanalysis Contains image
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Hello,Friends!

The BB upper band is nearby so SPY is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 432.65.

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Comment:
We are seeing a good move already so we will keep the trade running!
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