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aalapsharma
May 14, 2021 1:54 AM

Just coz I like drawing lines on SPY :) Short

AMEX:SPY1W
SPDR S&P 500 ETF TRUSTArca

Description

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If SPY falls the fall could be catastrophic but I am not seeing why it would happen anytime soon.
Beyond Technical AnalysisSPDR S&P 500 ETF (SPY) spyshort
Comments
krzysztofkorpusinski
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Looks like the inverted hammer is forming. It's going to crash next week..
aalapsharma
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@krzysztofkorpusinski, yeah next week would most def interesting.
kashyaptrades
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Thats the price range(350) its supposed to be but dont think its gonna happen unless some major crisis occur.
aalapsharma
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@kashyaptrades, Yeah I cant figure out what could hit the system to crash... so not so optimistic on the crash...
kashyaptrades
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@aalapsharma, After 2009 only once we had crash exceeding 30% which was last year because of pandemic, I think we can see corrections down the road but nothing major. What amazes me is houses and stock market is at all time high, something new to watch for housing market later when interest rates go up.
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