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SPDR S&P 500 ETF TRUST

Potential reversal inbound

187
Spy sold off aggressively this morning before bulls stepped in and bought it up. We are seeing a very obvious hidden bullish divergence with the RSI. I don’t see much more downside from here. Maybe a little sideways chop but for now I think this is near bottom. For now.
ApeishTrades
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Chart PatternsTechnical IndicatorsTrend Analysis
ApeishTrades

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.