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jacobosiason7

SPY- Bearish Megaphone - Update

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SPDR S&P 500 ETF TRUST (BATS:SPY)  
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BATS:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns Technical Indicators SPDR S&P 500 ETF (SPY) SPX (S&P 500 Index) Bullish Patterns Bearish Patterns megaphone buyers Divergence supply_and_demand megaphonepattern
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trendanalysis chartpattern indicator spy spx bullish bearish megaphone buyers divergence supply_and_demand megaphonepattern
Posting another quick update here on the SPY as it closed last week sitting on its 50-day SMA, after the 50-day SMA crossed below the 100-day SMA, while simultaneously rejecting the .50 FIB level. The SPY is holding yet another bearish megaphone as buyers and sellers continue to fight, accompanied by some slight bearish divergence on the RSI. Just some key FIB levels to keep an eye on in the interim, along with some RSI-based supply and demand zones, staying hedged.

--Previous Charts Attached In Description --
SPY - Daily
snapshot
SPY- Bearish- Update

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