SPY Gravestone Doji
-Price has been trading in a new channel
-SPY formed a Bearish GRAVESTONE DOJI on the hourly chart when the price failed to pass the 418 Resistance.
-MACD also crossed bearish on the 30min and about to cross on the 1 hr as well
-I expect another gap down on Monday or next week to retest support. If the current channel support doesn't hold, 400 will be the next stop
-SPY formed a Bearish GRAVESTONE DOJI on the hourly chart when the price failed to pass the 418 Resistance.
-MACD also crossed bearish on the 30min and about to cross on the 1 hr as well
-I expect another gap down on Monday or next week to retest support. If the current channel support doesn't hold, 400 will be the next stop
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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.
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.