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Price channeling
SPDR S&P 500 ETF TRUST
Long
Price channeling
By insyyte
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Aug 26, 2020
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Aug 26, 2020
Well friends, as suggested in my earlier posts SPY was expected to make a new high.
That potential has been fulfilled.
The price has been channeling for the past few weeks.
Now trending at its upper trend line.
Expect day liquidation breaks (about 3-7) SPY points to be bought while price channels.
Strong support at 324-327 band.
channelingaction
Chart Patterns
SPDR S&P 500 ETF (SPY)
Trend Analysis
insyyte
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