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EliteTradingSignals

SPY BEST PLACE TO SELL FROM|SHORT

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SPDR S&P 500 ETF TRUST (BATS:SPY)  
EliteTradingSignals  
BATS:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns Wave Analysis SPDR S&P 500 ETF (SPY) short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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Hello,Friends!

SPY pair is in the downtrend because previous week’s candle is red, while the price is evidently rising on the 9H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 425.76 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.

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Penafian

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