SPY Hitting R1 almost Exact this morning Showing Rejection

Could this be the end of the short term rally? I do know that my next level up or new R1 given the most recent high is $437. Pay attention to the market if we rally to break this current R1 level it could be on to $437 the likely outcome.

Be sure to check out the Equity Channel podcast on Spotify and Apple to gain more investing and trading knowledge.
Beyond Technical AnalysisTechnical IndicatorsTrend Analysis

Also on:

Disclaimer