Madrid
Short

Still Inside the 180-210 trading range

AMEX:SPY   SPDR S&P 500 ETF
345 0 11
This market is going nowhere so far in the monthly time frame. It became a trading market not good for growth stock since 2015. Technically it is still inside an uptrend because the indicators are still green and above the zero line, but it doesn't mean it is a strong uptrend like we used to see until 2013-2014, it is rather waning and it has already given us two warning shots (yellow marks in the trend squeeze indicator).
The prices are consolidating inside a triangle around 200 and dipping the 180 levels, but getting lower highs from the ATH             above at 210. No new buyers are stepping in, there is no accumulation, just trading.
Best case scenario this will consolidate around 200 and when it touches the lower support uptrend channel line this will go to try to test 210 again, As long as the 180 levels are not broken we're good. Closing prices below 180 could trigger a stampede that could take the prices back to the 155 support levels.
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