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SPDR S&P 500 ETF TRUST
Short

short term pullback SPY

51
In 1h chart, SPY is showing some negative divergence here. Price is higher and higher, but momentum is getting lower. Another indicator shows us that SPY is at a super overbought area even though its bullish, a pullback should be necessary. 206-206.50 might be a great target for now.
mduck
DOW Industrials (DOWI)S&P 500 (SPX500)SPDR S&P 500 ETF (SPY)

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DOW Industrials (DOWI)S&P 500 (SPX500)SPDR S&P 500 ETF (SPY)
mduck

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.