SPY BEARISH

Spy bulltrend ended on a Head and Shoulders bearish pattern, the price target of the pattern has been hit the next stop is the 379-376 breakout gap which is a result of the W (double bottom ) pattern. if SPY fails to 385-381 zone it will fall to the 380 support created by a gap. In case it breaks teh 380 aswel the next stop is the 379-376 gap area it will bounce from 375 which may lead to a bigger head and shoulders pattern.
SPDR S&P 500 ETF (SPY) Trend Analysis

Aviso legal