SPDR S&P 500 ETF TRUSTUpdated SPY Could C Both Sides Like Chanel.
1. It breaks up and makes new highs of 390 and continues making new highs.
2. It stays rangebound in the channel its been forming since November, gets rejected at previous highs of 385 and goes downward to 365-370 area.
There are rising wedges that are forming that it will need to drop off from. In Bull markets as strong as these, rising wedges usually don't fall too much. I think a correction to 365 is due to humble some traders.
2. It stays rangebound in the channel its been forming since November, gets rejected at previous highs of 385 and goes downward to 365-370 area.
There are rising wedges that are forming that it will need to drop off from. In Bull markets as strong as these, rising wedges usually don't fall too much. I think a correction to 365 is due to humble some traders.
Note
damn this chart is actually fire the more I look at it...
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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.