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Temporary Bounce in the SPY off the Moving Averages Incoming

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SPDR S&P 500 ETF TRUST (AMEX:SPY)  
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AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns Technical Indicators 55ema 55sma stockmarketanalysis S&P 500 (SPX500) sp500index SPDR S&P 500 ETF (SPY)
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trendanalysis chartpattern indicator 55ema 55sma stockmarketanalysis spx500 sp500index spy
The SPY looks like it might be setting up for a temporary bounce off potential support and the 55 week SMA and EMA.

We may see a rally up to 450 before continuing down later on this year off what could be potentially a Massive Head and Shoulders Pattern that would take us down to new lows.
Trade fechado: objetivo atingido

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