It seems to me that a double bottom is starting to form on 
SPY however, I do think that if it reaches the neckline, it will get rejected. I'm quite bearish on SPY and I don't believe SPY will continue to push higher these next couple of months. This double bottom should be interesting and I will wait for what SPY will do.
SPY however, I do think that if it reaches the neckline, it will get rejected. I'm quite bearish on SPY and I don't believe SPY will continue to push higher these next couple of months. This double bottom should be interesting and I will wait for what SPY will do.
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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.