SPY bearish - pitchfork analysis

SPY reached double pitchfork resistance levels (2 different pitchfork lines intersecting close to the point where price reached), both on daily and weekly. RSI on weekly also reached a pitchfork resistance line. This gives a good probability that SPY will take a down turn soon.
PitchforksSPX (S&P 500 Index)S&P 500 (SPX500)SPDR S&P 500 ETF (SPY) usmarketusmarkets

Related publications

Disclaimer