OptionAlphaEdge

OptionAlphaEdge

While the S&P 500 is often seen as a go-to haven, the current technicals suggest investors should exercise caution concerning the SPDR S&P 500 ETF (SPY). Multiple indicators converge to suggest a bearish downturn in the near term, pointing to target prices of 427.84 and 411.77. Key Technical Factors: 1. Double Gaps Below In recent trading sessions, we've...