investodaily

SPY Crash (STOCKS)

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
As you can see the SPY is in a rising wedge which is a bearish pattern .

We should see a dip from 25-40% in the coming weeks. It has been reaching new ATH and also closing in on the wedge resistance.

A lot of companies have been selling off a lot of their shares to have a lot of cash and buying power in the crash.

It would be a smart option to sell the majority of holdings to have some cash spare to buy in at ridiculously low prices for your favorite companies.

Comments