Ticker: 
SPY Daily Chart
Following its wedge breakout,SPY has ran into its microphone pattern, in which we had tested on our previous all time high run and failed. Coming into its gap up on Monday we opened just below this critical resistance, followed with an immediate rejection in the morning with high volume. We currently have an extremely bearish candle on the weekly chart following this rejection... lets see how SPY decides to act on Friday. We are currently sitting on our wedge breakout for a retest. It is critical that SPY can maintain 348, should we lose this level I think we will see that small gap fill back toward 343. However, if we can maintain this gap fill entry and round back above (and maintain) 354, watch for 357, 362, ATH.
SPY Daily ChartFollowing its wedge breakout,
SPY has ran into its microphone pattern, in which we had tested on our previous all time high run and failed. Coming into its gap up on Monday we opened just below this critical resistance, followed with an immediate rejection in the morning with high volume. We currently have an extremely bearish candle on the weekly chart following this rejection... lets see how SPY decides to act on Friday. We are currently sitting on our wedge breakout for a retest. It is critical that SPY can maintain 348, should we lose this level I think we will see that small gap fill back toward 343. However, if we can maintain this gap fill entry and round back above (and maintain) 354, watch for 357, 362, ATH. 
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.