Get started
AcornWealthCorp

SPY / $SPX / S&P500 - declining to 231-32 area soon !!!

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
AcornWealthCorp  
AMEX:SPY   SPDR S&P 500 ETF TRUST
SPDR S&P 500 ETF (SPY)
5
0
spy
SPY seems breaking of a Rising wedge in hourly frame. It also looks like an upward channel formation which is just broken down. Both Pattern suggest a decline around $231-32 area. This will confirm a downward break of Open range, and ensure a negative bias in the market until the next open range.

Please check back for Trade updates. (Note: Trade update is little delayed here.)
Like what you see? Get full access to our 3X daily members only video/txt alerts & live trading room at www.smartmoneytrading.com/now

Check out some of our free video examples @ smartmoneytrading.com/insights/

Related Ideas

AcornWealthCorp
SIX - Weekly frame H&S formation Short from $56.56 to $42
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.