SPY is forming a strong downward trend
SPY is forming clear downward trend showing more selling to come.
SPY is in the midst of a sell off. Best right now to wait for signs that selling has slowed and starting to reverse course before entering any bullish positions.
- Sold off with momentum and increasing volume indicating strength in the move
- We are in the beginning of September which is normally a bad month
- We should expect selling to continue
SPY is in the midst of a sell off. Best right now to wait for signs that selling has slowed and starting to reverse course before entering any bullish positions.
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.