Rising wedge bearish. Accum/Dist is diverging since April 21, Could drop to 278ish and possible further to 264ish levels. ADP Nonfarm Employment (Apr) news coming this morning.
$Spy possibly will close the gap at 280 (enter long) and going up to 288
22-Oct Large bearish engulfing candle, could develop into a bearish slope towards 293.5 level; SPY is currently sitting on a descending accumulation and OBV for the last 2 weeks at least
Bouncing on SMA 50 Small gap to close at 290.5 MACD signal going through zero
Confirmation missing, could have another deep today
Catch a good entry when underlying is hit again at ~172. Thoughts?
Descending triangle, bearish, could break down in a couple of days. Thoughts?
Bouncing from the channel line, going down