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AdamParmer
Jul 7, 2015 3:50 PM

SPY broke trend line looking for next support Short

AMEX:SPY1D
SPDR S&P 500 ETF TRUSTArca

Description

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The SPY broke a serious trendline and we are seeing some very good reasons to be short term bearish.

  • Failed at Big resistance 213.34
  • Trend line break
  • Support at the 201.99 level
  • Plenty of turmoil in other markets


Let's see how these markets react to a small correction amid chaos in China and uncertainty in Greece.
SPDR S&P 500 ETF (SPY) S&P 500 (SPX500)EquityFibonacciFibonacci RetracementtrendTrend Linessupport
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