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SPDR S&P 500 ETF TRUST
Long
Editors' picks

SPY no change looking to 425-430

By BTC-HONDA
Updated
The SPY is still consolidating on declining volume getting ready to move. It looks like a continuation pattern(Yellow) from the overall major pattern breakout(Blue). The traditional target would be 425-430 where there is some nice resistance. If this pattern fails and breaks down, I will look for 393. This major breakout will help crypto breath really nice and BTC will most likely see 30k from it
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And here is the weekly view which makes the volume profiles more clear
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-THIS SETUP HAS PLAYED OUT. BEARISH BREAKOUT TARGET ACHIEVED.
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"If this pattern fails and breaks down, I will look for 393."
It obviously failed and I had flipped bearish on the retest of the bottom trend line
Chart PatternsSPDR S&P 500 ETF (SPY) Trend Analysis
BTC-HONDA
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