SPY In Muddy Waters!
Updated
SPY looks to be in "No Trade Zone."
Depending on how you look at it... You have,
Descending Triangle (Blue dash and top Pink line) - Generally Bearish
Channel Down (Top and bottom Pink line) - Bearish Until Break above resistance
Symmetrical Triangle (Bottom Black and Top Pink line) - Generally Bullish - Continuation
Broadening Wedge (Two Black lines trending UP) - Generally Bearish
#DontBeASheep
Depending on how you look at it... You have,
Descending Triangle (Blue dash and top Pink line) - Generally Bearish
Channel Down (Top and bottom Pink line) - Bearish Until Break above resistance
Symmetrical Triangle (Bottom Black and Top Pink line) - Generally Bullish - Continuation
Broadening Wedge (Two Black lines trending UP) - Generally Bearish
#DontBeASheep
Note
Touched the top of the Channel Down (a.k.a resistance) Let's see what we have in store tomorrow and the coming sessions.
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