SPY bounce to $280
SPY looks primed to bounce to the $280 resistance area after a sharp dive. It just broke through it's short-term down-trend and looks created an uptrend line in the last 3 days that indicates a retracement back up until it breaks it's uptrend line.
Note
Correction: It was $1 away from breaking through it's downtrend. It was once again rejected.
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.