offsetfund2

Support becomes resistance following breakdown

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
We require a weekly trend change to invalidate our bearish thesis for equities. In our view, a follow-up Fed rate cut will amplify existing global macro concerns.
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.