Trader_Mayhem

$405-$407... And Then What...?

AMEX:SPY   SPDR S&P 500 ETF TRUST
I believe we will retrace to the trend line and the busy resistance area around $405-407.

What comes after? That will depend on if we can get a clean break through the trendline, and if we can turn the resistance into support. If not, we could be heading back down to the $390's. Only time will tell.

Not financial advice. Good luck to all :)
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.