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SPDR S&P 500 ETF TRUST
Short

$SPY Bearish Gravity

By UnknownUnicorn1236228
Looking at this weekly SPY, if you consider that the inner channel is a "fair value" rate increase in value and that the blue channel is the extreme away from fair value signifying "over-excitement", then perhaps we can conclude there may be more downside to correct and balance out this "over-excitement" with an equal and opposite reaction.

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Bearish PatternsChart PatternsfairvaluegravitySPDR S&P 500 ETF (SPY) technicalthespyisfallingTrend Analysis
UnknownUnicorn1236228

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