SPY...
One last retest of the bottom side of that rising wedge we formed in the first half of the year? With the 20MA and 50MA sitting right there all together, and the June highs aswell. A failure to hold those MA's, a failure to regain that trendline and a failure to get above the June highs setting up a head and shoulders. That's a lot to look past if you are thinking about going long. Can't rule it out though, a close or two above it all and maybe one last run, doubtful, but possible.
Expecting a sell-off at the open, but a pop up to 293.50 first is possible aswell. Should be a very interesting couple days none the less.
*NOT Trading Advice, Always do your own analysis!*
Expecting a sell-off at the open, but a pop up to 293.50 first is possible aswell. Should be a very interesting couple days none the less.
*NOT Trading Advice, Always do your own analysis!*
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