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SPDR S&P 500 ETF TRUST
Short
Updated

SPY Getting ready for reversal... @ $410

320
We reached the 406 price target with a new target now 410.
Expect a reversal at that point and take some profits...
Shorts would probably pay as the VIX closes the gap.
Note
Plus RSI bearish divergence....
Note
Target reached.
This somewhat parabolic moved deserves a cool-off before the next leg up.

Notice that the SPY is at the channel's edge and the QQQ is at a double top. Both reached there the same day.
stockinghood
Also on:
Parallel Channelsnp500SPX (S&P 500 Index)S&P 500 (SPX500)spx500shortSPDR S&P 500 ETF (SPY) spy500spyshort

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.
Parallel Channelsnp500SPX (S&P 500 Index)S&P 500 (SPX500)spx500shortSPDR S&P 500 ETF (SPY) spy500spyshort
stockinghood
Also on:

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.