S&P500 Inflection Point
The spy has closed below a key support which has now become resistance. Closing Below this level for 2 consecutive weeks leaves it vulnerable to retracing lower to the next major support. A retrace down to to the major trendline breakout will be very healthy consolidation if it manages to hold that level.
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.