SPY Bear Flag Pattern
A strong bear flag pattern can be seen forming on the hourly and daily charts. Probability of a double bottom or lower low likely.
Support to watch at $213 which formed near the previous bottom & 2015 resistance. If support breaks with conviction, next key support area to watch is at $157
Support to watch at $213 which formed near the previous bottom & 2015 resistance. If support breaks with conviction, next key support area to watch is at $157
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.