Monthly time frame (Long Term Analysis) SPY 500
Rising wedge capping off a very long and extended bull run. Monthly time frame bear divergence on the RSI with room to unwind.
Target 1: 255
Target 2: 240
Target 3: 225
Targets listed in terms of likelihood.
Target 1: 255
Target 2: 240
Target 3: 225
Targets listed in terms of likelihood.
Note
Starting to play out
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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.