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Lilbuddadude

SPY at resistance

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SPDR S&P 500 ETF TRUST (AMEX:SPY)  
Lilbuddadude  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns SPDR S&P 500 ETF (SPY) short resistence Shooting Star
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trendanalysis chartpattern spy short resistence shootingstar
-My last SPY prediction was spot on and the price bounced right off the bottom support and up to the resistance. As we can see, the price reacted well to the resistance and stayed inside the channel. Candle closed as a possible shooting star candle and Indicators are overbought on the 5 & 10min chart and a pullback to support is very possible.
-I'm short going into tomorrow and until price closes above resistance.

What do you guys think?
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