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lucky_human_foot

S&P 500 due for correction

Short
SPDR S&P 500 ETF TRUST (BATS:SPY)  
lucky_human_foot  
BATS:SPY   SPDR S&P 500 ETF TRUST
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S&P 500 is in the top of trend channel on a daily chart.

All indicators suggest it is overbought. MACD close to crossover, RSI at 66, Williams R% at 19,8.

Volume has furthermore been low during the recent trend up.

The first resistance level will be the bottom of the trend channel at 1380.
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