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peterbhc

SPY reversal

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
peterbhc Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Lines Moving Averages Candlestick Analysis
10
2
trendline movingaverage candlestick
Notice the areas of resistance on the SPY.

I believe we will see the gap fill today and continue the descent.

daily candle closed under 200MA after testing it and below trend resistance.

The candle stick indicates a bearish reversal is soon.

ES1 fell out of rising wedge in premarket too.

Good Luck
Comment:
snapshot

Fill the opening Gap, confirm channel breakdown and descend to complete the lower gap?
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