cguthrie922
Short

SPY off Double Top is going down

AMEX:SPY   SPDR S&P 500
SPY             completed a Double Top on August 23, 2016. This common signal should allow for some downtrend in the future. The question is at what level will support be found. After the "RUMINT" from Jackson Hole was released, the first level of support was broken.

A 10% correction from the Double Top would occur around 198, which is Support Level 5. Depending on how fast Level 5 is broken, the market could be in freefall mode at this time.

In summary, we are going down, but question is how far
by the looks of things it went down to 2161
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
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 Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out