Get started
CosmicDust

SPY weekly - case for retesting 40 week getting weak - 2/6/2016

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
CosmicDust  
AMEX:SPY   SPDR S&P 500 ETF TRUST
SPDR S&P 500 ETF (SPY)
2
0
spy
SPY had a head-shoulder breakdown, retested the neckline and appeared to be failed. The chance of a rebound to 40 week MA is still there if pinks lines can hold, but will become MUCH weaker if otherwise. I actually think if we lost pink lines, SPY might fall all the way to $160 very rapidly.
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.