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AdamParmer

SPY broke trend line looking for next support

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SPDR S&P 500 ETF TRUST (AMEX:SPY)  
AdamParmer  
AMEX:SPY   SPDR S&P 500 ETF TRUST
SPDR S&P 500 ETF (SPY) S&P 500 (SPX500) Equity Fibonacci Fibonacci Retracement trend Trend Lines support
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spy spx500 equity fibonacci fibonacciretracement trend trendline support
The SPY broke a serious trendline and we are seeing some very good reasons to be short term bearish.

  • Failed at Big resistance 213.34
  • Trend line break
  • Support at the 201.99 level
  • Plenty of turmoil in other markets

Let's see how these markets react to a small correction amid chaos in China and uncertainty in Greece.

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