A break in the price range above to the low side in conjunction with a RSI break below 50 would send SPY to at least 2 or more of the above marked targets (191, 181, 171, 161).
BUT first, a test of and bounce off of 191-193 (lower channel support) seems mostly likely. The strength of that bounce should tell us whether new highs within the tightening range are coming or finally a break below. SPY could hit 209 by this Dec WITHOUT breaking the upper channel.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.