SPDR S&P 500 ETF TRUST
Short
Updated

$SPY Scenarios

112
I am seeing SPY in a bearish descending triangle. Price needs to break and hold either $445 (bullish) or $437 (bearish).

See chart provided for more information.
Note
Still bearish on SPY ... September is a terrible month for the SP500

Price targets are now at 50 SMA and 200 EMA on 2 Hour Chart ($442 area)

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.