SPY Short Term Reversal
SPY, doji candle formed on the daily chart. A doji candle signals a reversal in direction for the specific stock/etf.
Also this could have formed what is known as a "double top" a double top is known as a bearish pattern in technical analysis. Also next week has a lot of earnings so expect some volatility in the market.
SPY seeing $449 is a possibility. After that we can see $447
Also this could have formed what is known as a "double top" a double top is known as a bearish pattern in technical analysis. Also next week has a lot of earnings so expect some volatility in the market.
SPY seeing $449 is a possibility. After that we can see $447
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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.