quantguy
Short

Bearish outlook on the S&P

AMEX:SPY   SPDR S&P 500
A variety of technical indicators coupled with the Fed's recent rate rise may suggest a bearish outlook on the S&P 500             . Note the gap up on 12/15 only to be followed by a gap down two days later, from which SPY             was never able to recover. We also see tremendous pressure from above via the Ichimoku Cloud , but lots of room to fall from below.

The MACD/RSI combo suggest a meager attempt at reversal, though the OBV suggests massive selling pressure. Look to today's high at $202.67 as a stop loss and the congestion area right around 200.80 for a profit target
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out