TradingView
titanxt
Apr 22, 2020 8:46 PM

SPY Head and Shoulders Short

SPDR S&P 500 ETF TRUSTArca

Description

Left chart is regular hours, right chart is extended hours.

-Broke daily support yesterday and retested but didn't break back above the daily resistance trendline.
-High volume sell-off at closing today, almost back to the VWAP level.
-Stochastic RSI and RSI are overbought on the 15 minutes

Bottom line : Lots of bearish indicators. If the head and shoulders neckline doesn't hold, we're retesting 247.
Comments
TooManyMushrooms
This is slapping bro
More