AMEX:SPY   SPDR S&P 500 ETF TRUST
$SPY channel has not been broken, we had a nice bounce from the lower bound. Expecting more sell if it closes below, the weekly RSI looks overbought and making longs riskier, but the overbought can remind overbought longer than anyone expects, Just a warning for risk management.

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.