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SPY - Finally Lining Up for Weakness

Even permabears have their day in the sun sometimes. Today might be that day, even a little down will turn enough indicators to get some downward momentum for a few days. Breaking $290 sets stage for the 50-day MA down in the $285 range for SPY. Ideally, we get a few failed rallies and then a breakdown before noon, which would follow a typical pattern for a trend down day.

SPY es_f ES NNQ
marketmind3
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Chart PatternsS&P 500 E-Mini FuturesTechnical Indicatorsspx500shortSPDR S&P 500 ETF (SPY) Trend Analysis
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