jamespwu

SPY potential bear flag in play

AMEX:SPY   SPDR S&P 500 ETF
39 0 1
After the wedge breakdown, the SPY             has been in a flag pattern since the 2nd week of Oct             and it broke on Friday. If it does not recover soon, a measured move should bring it down to about the 210 area. There is a gap cover slightly below 210. That maybe the most likely target area in the short term.