Looking at the recent price action on 
SPY shows us a clear bear flag in formation. There was no break out of the channel yet and the momentum has shift upwards so we will likely see a short term upward price movement first for the week of Mar 27 before we see downward momentum, subject to a catalyst (likely Core PCI numbers and the end of March).
Cheers!
SPY shows us a clear bear flag in formation. There was no break out of the channel yet and the momentum has shift upwards so we will likely see a short term upward price movement first for the week of Mar 27 before we see downward momentum, subject to a catalyst (likely Core PCI numbers and the end of March). Cheers!
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.