jwammo12

Sell Rip Short on S&P 500

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
The S&P 500 has sustained a powerful rally that made it reach above its 20 period upper Bollinger band. With it below its long term moving average, and it falling back below the upper band in this session, a 'Sell Rip' trade alert has been initiated on the broader market. Look for the 200 SMA to hold as resistance, and a target of at least below the current lower Bollinger band of around 2500

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.