ContraryTrader

Finishing off right shoulder ? Spy

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
XLK led the way in the spy comeback today.

448.40 is now Tweezer tops resistance

Trading in a Bear flag range between 448.40 - 444.80 tomorrow. A drob below that should kick off a H&S pattern .

The issue holding up the spy drop is the QQQ. They just wont sell it. Financials and materials have basically been correcting since the dow fell out of its wedge last week . I thought they wouldve drop tech after Apple event but behold Diamond hands from the

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.