Get started
AdamParmer

SPY broke trend line looking for next support

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
AdamParmer  
AMEX:SPY   SPDR S&P 500 ETF TRUST
SPDR S&P 500 ETF (SPY) S&P 500 (SPX500) Equity Fibonacci Fibonacci Retracement trend Trend Lines support
0
0
spy spx500 equity fibonacci fibonacciretracement trend trendline support
The SPY broke a serious trendline and we are seeing some very good reasons to be short term bearish.

  • Failed at Big resistance 213.34
  • Trend line break
  • Support at the 201.99 level
  • Plenty of turmoil in other markets

Let's see how these markets react to a small correction amid chaos in China and uncertainty in Greece.

Related Ideas

AdamParmer
The scariest chart for US equity?
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.