jdharward

SPY500 - going down from 2600

Short
jdharward Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Lots of sell indicators pointed out. The one positive buy indicator is the Trend Meter.

10 year yields are at a matching point, ready to send yields lower.

Yellow trend line is previous support, now resistance.
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Update

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SP broke above the yellow line on anticipation of an announcement of an announcement.

Ever heard of sell the news? Take a look at the 1 hour towards the end of the day. Keep in mind we're now also entering a 3 day weekend.
Comment:
Looking good for a short

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