Get started
Myst_Trader

SPY update after FED

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
Myst_Trader  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns SPDR S&P 500 ETF (SPY) S&P 500 (SPX500) market
5
0
trendanalysis chartpattern spy spx500 market
Let's not get into the details of the decisions at FED.

Technically, we are staying above the 50 EMA, near the channel's upper border.

What do I expect?
I expect a pullback.

What can we do?
I will wait for a pullback to the middle of the channel.

Short term we are bearish, long term it looks like we are slowly becoming bullish.
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.