Spy weekly candle closed below long term trend line.

29
Spy closing below down sloping one year trend line is not looking good. Another weekly candle close could possibly complete potential shark pattern, landing Spy to 355 or 340 at the 1.13 extension.

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.