Get started
MrFleck

SPY - should go down next week

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
MrFleck Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns
6
3
trendanalysis chartpattern
I have a lot of trend lines (color coded). SPY at significant resistance from various confluence.
Targets for next week: 392, 388, 385, 380
I'll exit my short if SPY breaks above resistance (401/402) with conviction (momentum/volume/price action)
Comment:
Forgot to mention: 388 key level. SPY might struggle to break that level. If SPY breaks it with volume and if RSI gets below 50, it should flush to at least 380 in 1 or 2 sessions.
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.