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SPX500 INDEX (SPY) Bearish Forecast Based on Structure

Short
S&P 500 Index (FX:SPX500)  
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FX:SPX500   S&P 500 Index
Trend Analysis Chart Patterns Wave Analysis SPDR S&P 500 ETF (SPY) S&P 500 (SPX500) futures S&P 500 E-Mini Futures S&P 500 US30 nasdaq indexes DOW
60
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trendanalysis chartpattern waveanalysis spy spx500 futures es1! sp1! us30 nasdaq indexes dow
snapshot

hey guys,

since the 29th of April, we see a consolidation on spy in a wide horizontal daily range.

now the price is approaching its resistance again so we can expect a retracement.

target levels
2900 - minor support (382 retracement of the last bull leg with numbers adjusted)
2850 - minor support (618 retracement of the last bull leg with numbers adjusted)

good luck!
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