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SPDR S&P 500 ETF TRUST
Short

SPY: berish

By TradersForecast
Updated
RSI on daily SPY is in a downward channel. I expect RSI to fall next week.
Note
I meant I expect the price to fall (but RSI as well). I also expect this fall to be significant.
Note
well, yesterday morning CPI came out and inflation turned out less than expected and that pushed the market up
Note
I am still bearish on the market (despite going up meantime).
Note
SPY looks bearish for the rest of the month, at least. I expected it to start to fall earlier but it seems the better-than-expected CPI report gave it an extra boost. But I have relatively good confidence that the market will fall. SPY is closed yesterday (Friday) at 452.18.
Technical IndicatorsS&P 500 (SPX500)SPDR S&P 500 ETF (SPY)
TradersForecast
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