AMEX:SPY   SPDR S&P 500 ETF TRUST
My baby the SPY. So SPY has been on a bearish trend last 2 sessions with EMAs being broken under and rejected. With the Futures pump it has put us right back in the channel and at the top. Which is good and bad. Good thing is if we are playing Bearish then we just need to see a rejection and we can load short position and ride it down to 476 474 and 470. Now if we blow past that resistance tommorow. We can play the breakout play which is riskier but if the momentum is there we can ride it up to 480 and 482

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.