Spy is approaching the 127.20% fib line of last trends retracement. I believe it will use this fib level as resistance and this long term Andrew's pitchfork line as ascending support and form a wedge that will decide whether it will take us to the 290 mark or begin its next downtrend.
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.