VOO
S&P500 Index - Healthy UpTrendS&P500 index - Weekly chart.
Healthy UpTrend. Red line since 2009 to 2015.
Sideways consolidation around 2015.
Pink UpTrend line from 2016-present.
$VOO Short Term Bearish - Indicators heavy - Double Top$VOO Seems to be having trouble breaking through the resistance and forming a double top, in the mean time the indicators are getting heavy and turning down, MACD is turning bearish.
Fear of trade war + little money inflow = BAD
VANGUARD S&P 500 ETF - BEARISH ASCENDING WEDGEVANGUARD S&P 500 ETF - BEARISH ASCENDING WEDGE
Pattern already closed in April 2018
SPY churns at high under significant fibonacci level$SPY average trade size picked up in wks 2 & 3 of February leading to weakening in the S&P 500. Now churning between $213.40 resistance & $207 - 208 support. I would expect much churn back and forth ahead of FED rate (possible tightening) announcements. Likely distribution for many months up here.
