Short
SPY Bearish
It looks like it could flag but I would say that we are heading lower over the next week. It has a support of ~352 and I believe it will hit this area, based on the technicals. It recently hit a 15 year resistance trend line. Fundamentally, many states are going into lockdown as COVID is spiking, and the vaccine is many months away.
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.
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.