SPY bearish over the next 3-4 weeks
Updated
SPY reached the top of a couple of pitchfork lines and has been lingering at the bottom of another ready to break out on the downside. RSI is also in a downtrend channel.
Trade closed: target reached
SPY was 448.38 when I posted the idea. It closed today at 425.88. I now expect SPY to reverse, see related idea.
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