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EliteTradingSignals
Jan 14, 2024 12:22 PM

SPY BEARS ARE STRONG HERE|SHORT Short

SPDR S&P 500 ETF TRUSTArca

Description


Hello,Friends!

SPY pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 457.90 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.

✅LIKE AND COMMENT MY IDEAS✅

Comment

I stand by my prediction and my idea is confirmed by the fact that the pair is moving towards the target!
Comments
EliteTradingSignals
What are your thoughts on SPY ?
RALPEMARC
@EliteTradingSignals, it looks like it will be going down, but it's hard to predict the market.. it looks like it wants to try to come back up
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