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tendency
Jul 13, 2021 5:27 PM

SPY - 1D chart shows constricting channel Short

SPDR S&P 500 ETF TRUSTArca

Description

Ending diagonal in SPY could grind higher for a couple more months or so but we're getting close to a significant top. Buyer beware.

Comment

Nailed it.
Comments
redlinesd
both lines of that channel only have 2 points of reference. there is no clear pattern right now. I do not belive spy ever makes any clear patterns.
tendency
@redlinesd, yeah, that was pretty clear.
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