Madrid
Short

Get ready for a bumpy ride

AMEX:SPY   SPDR S&P 500
$SPY has already reached a pivot point , both at the weekly trend and the major trend. Last week a Lower High / Lower Low started a downtrend. The lower channel of the current trend is found at 177 which is likely to be reached by mid May. The so announced 10% correction will be reached when the price reaches 169 and the trend touches the lower channel. Is this the start of the Bear Market or just a correction? it depends on the Fibonacci Support level at 177. A rebound is expected once this level is reached by the month of September. If this level is pierced then we can expect a black October this year.
United States
United Kingdom
India
Deutschland
España
France
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