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jacobosiason7

SPY- Bearish Reversal - Update

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
jacobosiason7  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis AB=CD Chart Patterns Technical Indicators Bearish Patterns reversal Spinning Top supply_and_demand overbought death_cross fib overextended
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trendanalysis abcdpattern chartpattern indicator bearish reversal spinningtop supply_and_demand overbought death_cross fib overextended
SPY looking very bearish here, frankly, the markets have been overextended for quite some time and all technicals are bearish on almost every timeframe- Some FIB levels and RSI-based supply and demand zones to keep an eye on-

- Bearish ABCD Harmonic Pattern Formed
- Spinning Top Candlestick Pattern (Reversal Pattern, Bearish in This Case)
- Bearish Butterfly Harmonic Pattern Also Formed (See Attached Chart)
- Buyer Volume Drying Up
- RSI way in Overbought Territory
- MACD Death Cross on the 4-Hour

Previously Charted
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