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SPDR S&P 500 ETF TRUST
Short
Updated

SPY - Watch for Hard Selling if We Break Below $388

497
Volatility is creeping up, see my post below regarding VIX. Price action is printing lower highs/lower lows (we're in a negative channel). Notice the long wicks at the base of the flag pole (yellow line). There's some buyers are these levels, but are there enough?
Note
VIX - Hidden Bullish Divergence (Anticipate Morning Sell Off)
Note
VXX - Little More Red in the Markets
Note
Nice gap up and fakeout this AM. Price action pulled back hard into the flag was rejected again at 10:30am. Will the market push for a second gap up on Monday or will we explore the downside? This trader is sidelined for now.
Note
Volatility remains inside of a positive trending channel. That's not normal.
VIX - Positive Channel
SLOPolarBear
Chart PatternsTechnical IndicatorsSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) Trend AnalysisVIX CBOE Volatility Index

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.
Chart PatternsTechnical IndicatorsSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) Trend AnalysisVIX CBOE Volatility Index
SLOPolarBear

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.