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SPDR S&P 500 ETF TRUST
Short

SPY Resistance Rejection

By aferraram
Updated
Opening up Puts expiration 8/9 (tomorrow) with $445 price target. Spy had nice rejection of resistance today expecting it to continue its bearish run as it makes its way to its support into tomorrow.

This is a swing trade expiring tomorrow. Manage your risk!
Comment
Cup and handle on sameday graph. Did not pick up the puts going to wait and see how this push plays out.
Comment
Cup and handle stopped by resistance. Good pullback today confirms analysis.
Moving AveragesSupport and ResistanceTrend Analysis

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