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SPY bearish - pitchfork analysis

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SPDR S&P 500 ETF TRUST (AMEX:SPY)  
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AMEX:SPY   SPDR S&P 500 ETF TRUST
Pitchforks SPDR S&P 500 ETF (SPY) S&P 500 (SPX500) SPX (S&P 500 Index) usmarkets usmarket
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pitchfork spy spx500 spx usmarkets usmarket
SPY reached double pitchfork resistance levels (2 different pitchfork lines intersecting close to the point where price reached), both on daily and weekly. RSI on weekly also reached a pitchfork resistance line. This gives a good probability that SPY will take a down turn soon.
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