rulibar

SPY Hitting Head on Resistance

AMEX:SPY   SPDR S&P 500
spy
Just noticed the SPY             moved into a descending channel due to Brexit, connecting previous lows and highs. Interested to see what happens next.
this is the exact channel I've been focusing on. I don't understand why everyone is so sure that we continue up in a straight line. Im currently holding an inverse play to this rally so I am biased and want/need the spx/market to give back a little after this makeup brexit rally. if spx crosses above 2110 and closes at or above I will most likely close my position and take my pain....
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