SPY - entering bear market - possible bear setup - target 182
The bears are now completely in control of the price. A possible setup for the bears is creating multiple lower highs on the downtrend.
The bullrun started in March 2009 had resulted 305% in profit over 115 months. It is now 293 a possible top of the bullrun.
Major support: 182, a real battle will begin if SPY get there, but that will not be the case in 2019. We are looking for a bear market that can last multiple years from now.
The end of this major bear market will be somewhere in 2021.
The bullrun started in March 2009 had resulted 305% in profit over 115 months. It is now 293 a possible top of the bullrun.
Major support: 182, a real battle will begin if SPY get there, but that will not be the case in 2019. We are looking for a bear market that can last multiple years from now.
The end of this major bear market will be somewhere in 2021.
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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.