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SPDR S&P 500 ETF TRUST
Short

SPY broke trend line looking for next support

57
The SPY broke a serious trendline and we are seeing some very good reasons to be short term bearish.

  • Failed at Big resistance 213.34
  • Trend line break
  • Support at the 201.99 level
  • Plenty of turmoil in other markets


Let's see how these markets react to a small correction amid chaos in China and uncertainty in Greece.
AdamParmer
Also on:
EquityFibonacciFibonacci RetracementS&P 500 (SPX500)SPDR S&P 500 ETF (SPY) supporttrendTrend Lines

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EquityFibonacciFibonacci RetracementS&P 500 (SPX500)SPDR S&P 500 ETF (SPY) supporttrendTrend Lines
AdamParmer
Also on:

Related publications

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.